In a boost to firms like ONGC and Reliance Industries, the Government plans to raise natural gas price by about 60 per cent for their undeveloped gas discoveries in difficult areas. While domestically-produced gas is currently priced at an average of rates in gas-surplus countries like the US, Canada and Russia, for deep-sea discoveries yet to be developed, the Government plans to price them at an average cost of alternative fuels - naphtha and fuel oil as well as imported lNG. Gas price in India is currently $3.82 per million British thermal unit, which will fall to $3.15 in April, a rate not enough to make up for cost of deep-sea development. Since this rate is not enough to incentivise exploration, the Government plans to price undeveloped gas discoveries in deep-sea, ultra-deep sea and high-temperature, high-pressure areas using average of landed price of naphtha, fuel oil and liquefied natural gas (lNG), Economic Affairs Secretary Shaktikanta Das told PTI in an interview.