NEW DELHI: The government on Saturday elevated by almost 7% the value of pure gasoline produced from home fields — the primary feed for metropolis gasoline networks — for October in tune with hardening world oil and LNG charges, a transfer that would result in CNG and PNG changing into costlier.
According to a notification issued by the oil ministry’s market tracker Petroleum Planning and Analysis Cell, gasoline produced from home fields shall be priced at $9.2 per unit (million metric British thermal items) for October in opposition to $8.6 in September. However, the value ceiling for gasoline produced from the legacy fields given to state-run ONGC and Oil India Ltd on nomination — the norm earlier than the public sale of exploration blocks began — stays unchanged at $6.5 per unit.
The ceiling for the value of gasoline from deepwater, ultra-deepwater and geographically tough fields which have been given advertising and marketing and pricing freedom has been pegged at $9.96 per unit. Reliance Industries and BP function such fields.