CNG prices are likely to be hiked by Rs 8-12 per kg and that of gas piped to household kitchens by over Rs 6 per unit after the government raised the prices of input natural gas to a record, analysts said on Monday.
The government last week raised the prices of gas produced from old fields, called APM gas, to $8.57 per million British thermal unit from $6.1. The rates for gas produced from difficult fields were hiked to $12.46 from $9.92 per mmBtu.
APM gas makes up for two-thirds of all gas produced in the country. This gas is converted into CNG for automobiles and piped to household kitchens for cooking.
