{
  "id": 11863747,
  "title": "Centre raises deepwater gas price ceiling to $9.89 per MMBtu; APM gas cap at $7",
  "url": "https://urgent.news/2026/10/04/centre-raises-deepwater-gas-price-ceiling-to-9-89-per-mmbtu-apm-gas",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T06:10:56.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/centre-raises-deepwater-gas-price-ceiling-to-989-per-mmbtu-apm-gas-cap-at-7/article71543046.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Gas produced from such difficult areas enjoys marketing and pricing freedom under the government's policy, but is subject to a government-notified ceiling",
  "key_points": [
    "Indian government raises deepwater gas price ceiling to $9.89/MMBtu",
    "Previous ceiling was $8.90/MMBtu, effective October 1, 2026",
    "Higher cap for deepwater, ultra-deepwater, and high-pressure gas"
  ],
  "editors_take": "The increased deepwater gas price ceiling provides relief to producers by allowing greater pricing and marketing flexibility for India's technically challenging offshore gas resources.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}