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STATEMENT SHOWING THE PRICES OF NATURAL GAS ON DIFFERENT DATES

Period From

Off-Shore (Land fall point) and On-shore

Along the HBJ line *

North Eastern States

01/01/94

1750

2600

1000 @

01/01/95

1870

2700

1000 @

01/01/96

1850

2700

1000 @

01/10/97

2150

3300

1200 #

01/01/98

2411

3561

1315 #

01/04/98

2271

3421

1250 #

01/07/98

2246

3396

1307 #

01/10/98

2222

3372

1200 #

01/01/99

2215

3365

1274 #

01/04/99

2167

3317

1224 #

01/07/99

2499

3649

1499 #

01/10/99

2850

4000

1700 #

* Includes transportation charges payable to GAIL. These changes are @ Rs.1150 per ‘000m3 w.e.f. 1/10/97 linked to the calorific value 8500 k cal/cu meters.

@ There existed provision for a discount upto Rs.400 per ‘000m3. However, FICC allows only net price paid in the retention price scheme.

# There exists provision for a discount upto Rs.300 per ‘000m3. However, FICC allows only net price paid in the retention price scheme.

The consumer price of gas w.e.f. 1/10/97 is linked to calorific value of 10000 kilo calorie/cu.mtr. Prior to that it was linked to calorific value range of 9000-9500 kilo calorie/cu.mtr.

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