Report
India raises price ceiling for difficult-field gas to $9.89 per MMBtu
The Economic Times reports the ceiling rose from $8.90 for October 2026 through March 2027, covering fields such as Reliance-BP’s KG-D6.
TLDR
The Economic Times reports that India raised the price ceiling for gas from deepwater and other difficult fields from $8.90 to $9.89 per MMBtu for October 1, 2026, through March 31, 2027. The ceiling covers Reliance-BP’s KG-D6 block. Gas from ONGC and Oil India’s legacy fields remains effectively capped at $7 per MMBtu, while gas from their new wells can receive a 10% premium, up to $7.70.
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