ONGC to take Rs 6k cr hit as gas price crash

The price of natural gas produced from domestic fields crashed to their lowest at $1.79 per unit (million British thermal unit or mBtu) from $2.39 on Wednesday, clouding future ability of domestic producers such as ONGC and OIL to continue supplies but setting the stage for cheaper CNG and PNG for consumers.

admin admin
Oct 1, 2020 - 05:00
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ONGC to take Rs 6k cr hit as gas price crash
The price of natural gas produced from domestic fields crashed to their lowest at $1.79 per unit (million British thermal unit or mBtu) from $2.39 on Wednesday, clouding future ability of domestic producers such as ONGC and OIL to continue supplies but setting the stage for cheaper CNG and PNG for consumers.