Prices for natural gas reached records.

The cost of natural gas, which is used to generate power, fertiliser, and compressed natural gas (CNG), shot up by 40% on Friday

The price paid for gas produced by old fields was raised by an order from the Oil Ministry's Petroleum Planning and Analysis Cell.

ranging from USD 6.1 per million British Thermal Units to USD 8.57 per million BTUs, which make for around two-thirds of the country's total gas production (PPAC).

The directive specified that the cost of gas from difficult and recent fields

such as those in the Reliance Industries Ltd.-managed deep-sea D6 block in the KG basin.

and its partner bp plc, was raised from USD 9.92 to USD 12.6 per mmBtu.

These are the managed/regulated fields and free-market areas with the highest prices.

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