Gas Price


CGD Sector seeks relief from MoPNG, PNGRB to help revival after the adverse COVID19 impact (new)

The city Gas Companies have represented to the  Ministry of Petroleum and Natural Gas and the PNGRB about the severe impact on the city gas sector owing to the lockdown following the COVID19 pandemic and have sought help in swift revival of activities through procedural and financial interventions.

 

In letters addressed separately to both the MoPNG and the PNGRB for assistance in their respective domains, by NGS, the sector has sought, among other things.

 To defer minimum work program by at least 24 months for the 9th and 10th round of CGD activity.

 Consider allocation of APM and NAPM gas for H1 of 2020-21, and H2 of 2020-21 if possible, based on quantities reported to PPAC for the period of October 2019 to February 2020.

 To direct gas suppliers and transporters to bill CGD entities only for the quantities they consumed at normal prices / rates without any additional charges like excess gas, take-or-pay, imbalance etc. till normal consumption resumes, i.e. officially declaring Covid-19 as a force majeure.

 Relaxation/ rationalization in the Performance Bank Guarantee norms by the PNGRB as a special case.

 Exemption of the CGD sector from Excise Duty (14%) and a deferment of Statutory Tax compliance at least till September-December, 2020.

 To host the CGD Policy on the PNGRB web page.

 Assist the industry by taking up with PESO for swift clearance.

 Assistance with State, local authorities in swift grant of approvals and clearances.

 

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4th O&M Workshop for the CGD industry sees record participation

Organized by Natural Gas Society, sponsored byGAIL India Limited with support sponsorship by Pipeline Infrastructure Ltd (PIL) and Central UP Gas Limited (CUGL)during 17th and 18th February 2020 at India International Centre New Delhi. read more


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Indicative Prices of crude oil and natural gas on January 21, 2021

Indicative Prices of crude oil and natural gas on January 21, 2021

10 AM Brent $/bbl WTI $/bbl NYMEX $MMBtu

Indian Crude Basket

Jan 21, 2021 55.88 53.10 2.54  
Average between Jan 14-20 56.06 53.08 2.64 49.84#
Jan 21,  2020 64.21 57.59 1.90 64.31##

Oil & Gas Price of Previous date

 

Indicative Prices of crude oil and natural gas on January 20, 2021

10 AM Brent $/bbl WTI $/bbl NYMEX $MMBtu

Indian Crude Basket

Jan 20, 2021 56.28 58.32 2.55  
Average between Jan 13-19 56.29 58.04 2.69 49.84#
Jan 20,  2020 65.05 58.45 1.69 64.31##

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** PPAC , & balance data source – https://tradingeconomics.com/
** The PPAC price is the average for Dec 2020 (#) and average for Jan 2020 (##)

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