The government bi-annually fixes prices of the locally-produced natural gas which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.
Rates for legacy fields are now decided on a monthly basis. For September, the price came to USD 8.60 per mmBtu but because of the cap, the producers would get only USD 6.5 per mmBtu. For September, the price came to USD 9.2 per mmBtu but because of the cap, consumers will continue to pay ONGC and OIL USD 6.5. Gas Price for Reliance Cut by 18% to USD 10; Rate for Gas That Feed CNG, PNG Supplies Unchanged at USD 6.5.
Reliance Gas Price: The government bi-annually fixes prices of the locally-produced natural gas which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.