The prices of grey hydrogen in the second half of March have increased by x.xx. This development was attributed to the moderate supply to meet high downstream demand from the ammonia market. The ammonia manufacturing was in full swing to meet previously signed contracts in February on time. In addition, higher prices of feedstock Natural Gas led to higher production costs.
On March xxst, following the Ministry of Petroleum and Natural Gas, the gas price ceiling for the period xst April xxxx- xxth April xxxx is US$ x.xx/MMBTU on a Gross Calorific Value (GCV) Basis. Moreso, for the gas produced by ONGC/Oil from their nomination fields, the above-mentioned APM (Administered Price Mechanism) price shall be subject to a ceiling of US$ x.xx/MMBTU on a GCV basis for the same period. This indicates an increase of x.xxx in prices from the previous month....
