In a highly anticipated move, India has unveiled the eagerly awaited revised domestic natural gas prices for the period from 1st February to 29th February 2024. With meticulous attention to detail, the pricing is set at an enticing US$ 7.85 per million British thermal units (mmbtu) on a Gross Calorific Value (GCV) basis.
Notably, the revealed price remains almost at par with the January 2024 pricing. This consistency reflects India’s efforts to maintain stability and predictability in the domestic natural gas market, providing stakeholders with a reliable environment for decision-making and strategic planning.