India raises prices of domestically produced gas amid tough markets

India has increased the price of domestically produced gas from old fields from Oct. 1, 2022 to March 31, 2023 to a record $8.57/MMBtu on a gross calorific basis, a statement by the Petroleum Planning and Analysis said Sept. 30. This price was set at $6.1/MMBtu for April-September and has shot up by over 40% now. In a separate statement…