The Petroleum Planning and Analysis Cell (PPAC) on Friday said the price of extracting natural gas from legacy fields, operated by ONGC and Oil India, which is also called administered price mechanism (APM) gas, has been kept unchanged for April-September 2023 period at $8.57 per mBtu.

However, the price ceiling for gas extracted from difficult fields, or deepwater, ultra deepwater and high pressure-high temperature (HPHT) fields, has been cut, albeit marginally, to $12.12 per mBtu for April-September 2023 from $12.46 during October 2022-March 2023 on a gross calorific value (GCV) basis.

Legacy fields account for over 70 per cent of the country’s total gas production. Sources said the Centre is still considering recommendations of the Kirit Parikh panel.