Domestic cooking gas bill and auto CNG prices may be in for a hike, as the government will likely raise the natural gas price by as much as up to 18% next month, said a report. The government is all set to revise domestic gas prices with effect from 1 April 2019, per the New Domestic Gas policy, 2014, which suggests revising natural gas prices every six months.
The expected up to 18 per cent hike in the domestic natural gas prices might have an impact on manufacturing, travel, energy and inflation, said a report by CARE Ratings. “We believe the prices of domestic natural gas for the April 2019-September 2019 period will increase from the current $3.36/mmBtu to approximately, $3.97/mmBtu, resulting in an 18% increase,” said CARE Ratings in the report.
The government is also set to revise the prices of natural gas produced in deep water and high pressure high temperature.
