Section 168: Gas based industries gas price.

1 Subject to the provisions of section 167 (3) of this Act, the gas price for the gas
based industries shall be determined by the pricing principles specified in the Fourth Schedule to this Act. [Fourth Schedule]

2 The floor price for the gas based industries shall be US $0.90 per MMBtu.

3 The ceiling price shall be the domestic base price applicable for any particular year.

4 The prices determined in the Fourth Schedule to this Act shall be prices at the marketable gas delivery point from where transport costs need to be added for delivery to the respective gas based industries.

5 The Authority may by regulation adjust the price mechanism to add other gas based industries in line with market realities.