GAIL hikes natural gas prices by 18%; CNG, PNG to get dearer
The price of natural gas supplied by state-run GAIL NSE -2.65 % to city gas companies has jumped 18% to $10.5 per mmBtu in monthly revision from Monday. This is three-and-half times that of the rate city gas companies paid for domestic supplies at March-end and nearly six times that of last August.
GAIL supplies the gas, a blend of domestic and imported LNG, at a uniform rate to city gas companies, which are expected to pass on the increase to consumers of CNG and piped kitchen fuel. Green Gas Ltd raised CNG rates Monday by ₹5.3 per kg in Lucknow to ₹96.10 per kg.
