New gas pricing formula to impact realisations of ONGC, RIL
With the implementation of this pricing, APM gas prices would be subjected to a floor and ceiling price of $4/mmbtu and $6.5/mmbtu, respectively, earlier APM price being $8.57/mmbtu. The pricing formula for HPHT fields like that of Reliance Industries has not been changed while the price for April 1 - October 1, 2023 is at $12.1/mmbtu, from US$12.5/mmbtu earlier.
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