Government fixes May domestic gas price at $8.90/mmbtu

03 May 2024 CW Team

The announcement made by the Petroleum Planning & Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas (MoPNG) states that the domestic natural gas price for May 2024 will be $8.90 per million British thermal units (mmbtu) on a Gross Calorific Value (GCV) basis.

According to the PPAC?s notification, a ceiling price of $6.50/mmbtu on a GCV basis will apply to gas produced by Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) from their nomination fields for the same period.

It is mentioned in the notification that the pricing decision forms part of India's ongoing effort to effectively manage its natural gas sector and strike a balance between the needs of producers and consumers. The new price adheres to the guidelines outlined in the MoPNG's notification in April 2023, which established the framework for monthly price updates.

Key stakeholders, including the Directorate General of Hydrocarbons, ONGC, OIL, and GAIL, have been informed of the new pricing structure, ensuring a coordinated approach in managing India's natural gas sector.

The new pricing structure reflects India's endeavours to harmonise its energy policies with global standards while supporting domestic production and ensuring equitable pricing for all stakeholders. The government's monitoring of global energy markets, along with its policy framework, aims to stabilise pricing and sustain growth in the country's natural gas sector.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..