Domestic Natural Gas Price Revision For H1 FY22 Impact: CARE Ratings
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CARE Ratings Research Report
The government usually revises the domestic natural gas price as per the new Domestic Gas policy, 2014 by the end of March and September.
The gas price for locally produced fields has been kept unchanged at $1.79/ metric million British thermal unit, and the ceiling price for gas to be produced from difficult fields has been decreased to $3.62/mmBtu from $4.06/mmBtu resulting in a 10.8% decline.
The revised price will be prevalent from April 01, 2021 to September 30, 2021 i.e. H1 FY22.
In this report we will be discussing the impact on inflation, upstream players and on key end user industries.
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