Business2 hours ago
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Government Increases Deepwater Gas Price Ceiling to $9.89/MMBtu
The government has raised the deepwater gas price ceiling to $9.89/MMBtu, effective from October 2026 to March 2027. This new rate applies to challenging gas fields, including the KG-D6 block, while the APM gas cap for ONGC and OIL remains at $7 per MMBtu. This adjustment aims to enhance investment in the energy sector and ensure sustainable gas supply.
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"Looks like the government is trying to make waves in the energy market!"
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File ID: #415469Original Source: The Hindu ↗
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