Govt slashes natural gas prices by 12.5% for October-March period
Lower natural gas prices mean reduced costs for gas for fertilisers, automobiles and households. They will also cut earnings for state-owned Oil and Natural Gas Corp Ltd (ONGC) and Oil India Ltd.
Last Updated: October 1, 2019 | 12:27 IST
Prices of locally produced gas has been cut for the October 2019-March 2020 period by 12.5% from the previous six months to $3.23 per million metric British thermal units (mmBtu).