Centre raises deepwater gas price ceiling to $9.89 per MMBtu; APM gas cap at $7
Gas produced from such difficult areas enjoys marketing and pricing freedom under the government's policy, but is subject to a government-notified ceiling
The Indian government has increased the ceiling price for deepwater gas to $9.89 per million British thermal units (MMBtu) for the six-month period beginning October 1, 2026. This is an increase from the previous ceiling of $8.90 per MMBtu. Deepwater, ultra-deepwater, and high-pressure, high-temperature gas discoveries are subject to this higher ceiling, which is in effect until March 31, 2027.
The government maintains a separate pricing mechanism for gas from legacy fields, setting a cap of $7 per MMBtu. The new higher ceiling for difficult fields could provide relief to producers, as it allows for greater pricing and marketing flexibility in India's technically challenging offshore gas resources.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
