Business
Prices of domestically produced gas doubled for April-Sep

New Delhi, April 1
The price of domestically produced natural gas has more than doubled for the six months beginning April 1 -- April to September -- amid a surge in global benchmark prices.
It will raise the prices of gas sold to households, the power sector, industries and fertiliser firms.
The price of gas from regulated fields of state-owned Oil and Natural Gas Corp and Oil India will rise to a record $6.10 per million British thermal units from $2.90, according to an oil ministry's Petroleum Planning and Analysis Cell notification.
The rate paid for gas from difficult fields like deepwater, ultra deepwater, high pressure-high temperature will rise to $9.92 for the next six months from $6.13 per mmBtu, another notification by the PPAC said.
The prices of gas produced in India are typically linked to global benchmarks.
The upward revision in gas prices is expected to put an additional pressure on the domestic inflation which has exceeded the Reserve Bank of India's 6 per cent upper tolerance level for the second consecutive month in February.

18 minutes ago
Gujarat Bridge Collapse: Lives Lost, Travel Hardship; 50 km Extra Distance to Cover

2 hours ago
St. Jude Cancer Survivor Comes Full Circle

3 hours ago
PM Modi's global honours tally climbs to 27 after receiving Namibia's highest civilian award

3 hours ago
Elon Musk says exposing Jeffrey Epstein files 'top priority' for America Party

4 hours ago
ITServe Synergy 2025 in Puerto Rico To Connect – Lead – Inspire IT Leaders From Across the Nation

4 hours ago
Mr. Universe title for Kottayam native: First Indian to achieve this historic feat.

5 hours ago
Trump to announce new trade tariffs for 'a minimum of seven countries

5 hours ago
Elon Musk says exposing Jeffrey Epstein files 'top priority' for America Party

5 hours ago
Bangladesh-US second round tariff talks begin amid looming 35% US tariffs

6 hours ago
Shubhanshu Shukla experiments sprouting green gram, fenugreek seeds in space

9 hours ago
Here’s how Kriti Sanon embraces her inner ‘90s kid’ through music

9 hours ago
Offending portions removed from 'Udaipur Files': CBFC to Delhi HC

9 hours ago
Khushi Mukherjee opens up about her bold new avatar on Munawar Faruqui’s show ‘The Society’