As per the notification of PPAC, In accordance with Para 8 of the “New Domestic Natural Gas Pricing Guideline, 2014” issued by the Ministry of Petroleum & Natural Gas, Govt. of India, the price of Domestic Natural Gas for the period 1st October,2021 to 31st March,2022 is US$2.90 /MMBTU on Gross Calorific Value (GCV) basis.
Also, in accordance with Ministry of Petroleum & Natural Gas, Govt. of India, Notification no. O-22013/27/2012-ONG-D-V (Vol-II) dated 21-03-2016 for marketing including pricing freedom for gas being produced from discoveries in Deepwater, Ultra Deepwater & High Pressure-High Temperature areas, the gas price ceiling for the period 1st October,2021 – 31st March,2022 is US$ 6.13/MMBTU on Gross Calorific Value (GCV) basis.