Deep-sea gas becomes costlier as government raises price ceiling

The government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October 2026-March 2027, from $8.90 earlier. Meanwhile, APM gas from ONGC and Oil India’s legacy fields remains effectively capped at $7 per MMBtu, with new-well gas eligible for a 10% premium up to $7.70.