Hello Verma, Anand.
Greetings! Thanks for raising this question in the Q&A forum.
Good news, this has already happened. Azure OpenAI in Foundry Models has matched OpenAI's July 30, 2026 price cut for GPT-5.6 Luna and Terra. Microsoft's own Microsoft Foundry blog confirms the updated pricing table, and Azure Support has separately confirmed to other customers reporting the same question that the engineering team applied these reduced rates in Azure effective August 1, 2026.
Current GPT-5.6 Luna pricing on Standard Global (short context) is $0.20 per million input tokens, $0.02 per million cached input tokens, $0.25 per million cached writes, and $1.20 per million output tokens. This matches OpenAI's direct API pricing after the 80 percent cut.
If your deployment is still billing at the old rate ($1.00 input / $6.00 output), this is very likely a display lag rather than an actual billing issue. Several customers reported the public Azure pricing page at azure.microsoft.com/en-us/pricing/details/azure-openai showing stale numbers even though the underlying meter had already switched to the reduced rate. Check your actual invoice or Cost Management usage data rather than only the public pricing page, since that reflects what you are truly billed.
Confirm your deployment type and region, since Data Zone and Priority Processing pricing differ from Standard Global and are not fully public. Ask your Microsoft account team or Azure sales representative for exact Data Zone and Priority Processing rates for Luna if that is what you are using, as those were not published in the general announcement.
If your bill genuinely still reflects the old $1.00/$6.00 rate after August 1, 2026, open an Azure Support billing request with your subscription ID, the deployment name, region, and a recent invoice line item. Support can confirm whether re-rating is needed for your specific meter.
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Best Regards,
Jerald Felix.