India has unveiled the eagerly awaited revised domestic natural gas prices for the period from 1st April to 30th April 2024. With meticulous attention to detail, the pricing is set at an enticing US$ 8.38 per million British thermal units (mmbtu) on a Gross Calorific Value (GCV) basis.
India’s announcement of the revised natural gas prices marks a significant development in the energy sector. At US$ 8.38/mmbtu, the pricing demonstrates India’s commitment to balancing affordability and competitiveness, offering stakeholders in the energy industry an attractive proposition for investment and growth.
Notably, the revealed price represents a slight 2.6% increase from the March 2024 pricing. This adjustment reflects India’s responsiveness to market conditions, ensuring stability and predictability in the domestic natural gas sector while accommodating incremental changes in pricing.