Economy
Government Raises Deepwater Gas Price Ceiling to $9.89/MMBtu While Keeping APM Cap at $7
The Hindu2h
THE BRIEF
1
The government raised the ceiling price for natural gas from difficult fields to $9.89 per MMBtu for October 2026 to March 2027.
2
The ceiling for legacy fields of ONGC and OIL remains capped at $7 per MMBtu.
3
The higher ceiling aims to incentivize producers to develop technically challenging offshore gas resources with higher production costs.