CNG, PNG rates set to go up as gas prices hiked 40%
NEW DELHI: CNG and PNG will become dearer and input cost for fertiliser manufacturers will rise sharply with the Centre on Friday raising the prices of natural gas produced from domestic fields by over 40% to record levels, even as a panel of experts is reviewing the pricing formula with an aim of moderating consumer rates.
Gas produced from legacy fields given to ONGC and Oil India will cost $8.57 a unit from Saturday, up from $6.1, till the next six-monthly revision in April 2023. The price ceiling for gas produced from zones such as Andhra offshore fields of Reliance-BP was raised to $12.46 per unit from $9.92.
Core sector growth slows to 9-mth low of 3.3% in Aug
