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Natural gas price News

05 Aug 2022

IGL hikes PNG prices

Inflation has hit the people of Delhi yet again. IGL has increased the prices of PNG gas. The price of PNG has been increased by 2.63 per unit.

29 May 2018

After Petrol and Diesel, CNG price in Delhi hiked by Rs 1.36 a kg

CNG will cost Rs 41.97 per kg in Delhi with effect from midnight tonight following the price increase, Indraprastha Gas Ltd said.

natural gas price hike

29 Sep 2017

Govt raises natural gas price by 16.5% to $2.89 mmBtu

The government also hiked the cap price based on alternate fuels for undeveloped gas finds in difficult areas like deepsea which are unviable to develop as per the existing pricing formula.

natural gas price

31 Mar 2017

Natural gas price cut marginally to $2.48 mmBtu

Natural gas price was Friday cut marginally to USD 2.48 per million British thermal unit, the fifth reduction in two years.

03 Mar 2016

Govt to hike gas price for ONGC, RIL by 60%

In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 percent for their undeveloped gas discoveries in difficult areas.

11 Dec 2015

US crude oil holds near 2009 lows as global glut persists

US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.

31 Mar 2015

Govt cuts natural gas prices by 8% to $4.66 per unit

Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.

30 Mar 2015

Natural gas price to be cut by 9% to $4.56 from April 1

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.

natural gas price

18 Mar 2015

Natural gas price to be cut by 10% to $5.02/unit from April 1

The price of domestically produced natural gas is likely to be slashed by over 10 percent to USD 5.02 per unit from April 1, the first ever reduction in rates of the fuel.

31 Oct 2014

BP says gas price hike positive step

BP plc, Europe's third-biggest oil company, has said that the 33 percent increase in natural gas price is a positive step towards creating an economic landscape that helps in development of gas resources.

18 Oct 2014

Modi's govt frees diesel prices, easing state grip on economy

The decision is providing a fillip to investor hopes that the government may take more steps to modernise India`s economy and revive stumbling growth.

19 Oct 2014

Modi govt's big reform push: Diesel deregulated, natural gas price hiked

In a major reform push, the government on Saturday deregulated diesel prices but hiked natural gas tariff by 46 percent that will push up fertiliser, power, CNG and PNG rates.

18 Oct 2014

Govt raises natural gas price to $5.61/unit

The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.

11 Sep 2014

Delay in gas price hike frustrating, says BP

BP Plc, Europe's second-largest oil company, on Thursday said the delay in implementation of a natural gas price hike was frustrating as the delay was holding back investments.

02 Sep 2014

ONGC says needs $6-7.15 gas price to break-even

Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs USD 6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.

12 Jul 2014

Price of Natural gas should not be increased: Trade Body

A city based trade body, representing the chemical industries, Saturday said the recommendations of the Rangarajan Committee set up during the UPA regime for fixing the price of natural gas had "several flaws" and that the price should not be increased.

26 Jun 2014

Unfair to expect gas price decision by new govt so soon: ONGC

The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.

Reliance Industries

25 Jun 2014

Govt to slap additional penalty of $578 million on RIL

The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.

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