India to hike local gas prices to $6.1/mmBtu from Friday: Sources – ET Auto

India will raise the price of locally produced gas from old fields for April-September 2022 to a record high $6.1 per million metric British thermal units (mmBtu) compared to the current $2.90/mmBtu, sources said on Wednesday.

The country will raise the ceiling price for gas produced from more challenging fields to $9.92 per mmBtu for April-September from $6.13 per mmBtu, the sources said.

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India’s commodity imports from Russia and Ukraine are less than 2%. Major commodities imported from other countries include oil, gold, metals and chemicals

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