Policy▲ Bullish for Reliance Industries
Deep-sea gas becomes costlier as government raises price ceiling
The brief
- The ceiling price for deep-sea gas rises to $9.89 per MMBtu for October 2026-March 2027
- The price applies to difficult-field gas including Reliance-BP’s KG-D6 block
- Higher gas prices may lift costs for Indian gas buyers while supporting Reliance Industries’ upstream revenue
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Centre raises deepwater gas price ceiling to $9.89 per MMBtu; APM gas cap at $7
Sunday, 4 October
- Deep-sea gas becomes costlier as government raises price ceiling