In a proactive move aimed at fostering transparency and flexibility in its energy pricing framework, India has announced the revised domestic natural gas prices for the period from 1st November to 30th November. With a meticulous approach, the pricing is established at an attractive US$ 9.12 per million British thermal units (mmbtu) on a Gross Calorific Value (GCV) basis.
This dynamic adjustment, reflecting a nuanced approach to market conditions, showcases India’s dedication to staying agile in the rapidly evolving energy landscape. Notably, the set price of US$ 9.12/mmbtu stands as an enticing proposition for stakeholders in the energy sector. Furthermore, the slight 0.87% decrease from the October 2023 pricing adds an extra layer of detail, providing a comprehensive perspective on the fluctuations within the domestic natural gas market.