The government has announced a 10% hike in price of domestic natural gas to $3.36 per million British thermal unit (mmBtu) from October 1, according to Oil Ministry's Petroleum Planning and Analysis Cell. The ministry also noted that the for marketing including pricing freedom for gas to be produced from discoveries in Deepwater, Ultra Deepwater and High Pressures-High Temperature areas, the gas price ceiling for the period October 2018-March 2019 is $7.67 per mmbtu on Gross Caloric Value (GCV) basis.
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