Government raises deepwater gas price ceiling to $9.89/MMBtu; APM gas cap at $7

🇮🇳 The Hindu (IN) —
Government raises deepwater gas price ceiling to $9.89/MMBtu; APM gas cap at $7

AI Summary

India has raised the ceiling price for deepwater and other difficult-field natural gas to $9.89 per MMBtu for October 2026 through March 2027. The price cap for APM gas from legacy ONGC and OIL fields remains $7 per MMBtu.

The new ceiling for difficult-field gas, including from the KG-D6 block, is applicable for October 2026 to March 2027, while the APM gas cap for ONGC and OIL’s legacy fields stays at $7 per MMBtu

Markets Commodities Energy natural gas India price ceiling deepwater gas KG-D6 ONGC OIL

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