Page 40 - Policy Economic Report - October 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Table 8: Gas price, GCV Basis Domestic Gas calculated Gas price ceiling – difficult areas
Period price in US$/MMBTU price in US$/MMBTU
8.27
1-31 May 2023 7.58 12.12
1-30 June 2023 7.48 12.12
1-31 July 2023 7.85 12.12
1-31 August 2023 8.60 12.12
1-30 September 2023 9.20 12.12
1-31 October 2023 9.12 9.96
1-30 November 2023 8.47 9.96
1-31 December 2023 9.96
1-31 January 2024 7.82
1-29 February 2024 7.85 9.96
1-31 March 2024 8.17 9.96
1-30 April 2024 8.38 9.96
1-31 May 2024 8.90 9.87
1-30 June 2024 8.44 9.87
1-31 July 2024 8.24 9.87
1-31 August 2024 8.51 9.87
1-30 September 2024 7.85 9.87
1-31 October 2024 7.48 9.87
Source- PPAC 10.16

Figure 24: Domestic natural gas price October’23–24 ($/mmbtu)

14.00

12.00 9.20
9.96
10.00
9.12
8.00 9.96

8.47
9.96

7.82
9.96

7.85
9.96

8.17
9.96

8.38
9.87

8.90
9.87

8.44
9.87

8.24
9.87

8.51
9.87

7.85
9.87

7.48
10.16

6.00

4.00

2.00

0.00
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24

Domestic gas price Gas price ceiling (for difficult areas)

Source- PPAC

October 2024 Page | 39