The price paid to most of natural gas produced from domestic fields will be $3.06 per million British thermal unit (mmBtu) for six months, beginning April 1, from current USD 2.89, according to a recent notification issued by oil ministry's Petroleum Planning and Analysis Cell. "Natural gas contributed around 45% of ONCG's total crude oil and natural gas production volume in fiscal 2017." "Assuming natural gas sales volume of around 10 billion cubic meters for the first six months of fiscal 2019 for ONGC and its joint venture partners, ONGC's natural gas revenue will increase 23% to Rs.80 billion (Rs.8000 crore) for the six months between 1 April and 30 September 2018, from a reported Rs.65 billion (Rs.500 crore) the year before", Moody's said in its credit outlook issued today.