Reliance Industries raises natural gas price to $10.16/MMBtu from Oct 1, 2023, in line with global trends and India's energy mix goal.
Reliance Industries' natural gas price has been raised to $10.16 per million British thermal units, effective October 1, 2023, following three consecutive reductions. CNG and piped cooking gas rates remain unchanged due to a cap 30% below market rates. This adjustment aligns with global trends and supports India’s goal to increase natural gas in its energy mix to 15% by 2030, up from the current 6.3%. Prices for domestic gas are set bi-annually.
September 30, 2024
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