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Government Cuts Local Gas Prices for April to September by 20%

Government Cuts Local Gas Prices – Gas prices will be cut to $3.06 per million British thermal units.

Gas PricesLocally produced gas prices will cost about 20% less during April-September compared with the previous six months, a source with knowledge of the matter said on Thursday, due to a fall in global prices.

Gas prices will be cut to $3.06 per million British thermal units (mmBtu) in the first half of the next fiscal year on gross heat value basis, the source, who is not authorised to speak to the media, told Reuters.

It will cost about $3.4 per mmBtu on a net heat value basis compared with $4.24/mmBtu in October-March, the source said.

Source: BS

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