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India raised the price of domestically produced natural gas by 6% to $3.06 per mmBtu, its highest in at least two years and the second consecutive increase after five cuts. A separate ceiling price for difficult fields rose 8% to $6.78 for the six months to September 2018.
Higher domestic gas costs raise input costs for Indian fertilizer and industrial users, and may support regional energy-linked prices. The effect on global grain or oilseed markets is limited.
ndtvprofit.comSoumeet SarkarMar 28, 2018After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
