Govt doubles gas price to record levels; CNG rates may go up
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices.
The price of gas produced from old regulated fields, such as the nation’s largest gas field of Bassein of ONGC, will rise to a record high of USD 6.10 per million British thermal unit (mmBtu) from the current USD 2.90 per mmBtu, according to the oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
