Govt imposes gas price caps: Here is how the prices of PNG, CNG will change
The Centre on Thursday amended the domestic pricing model of natural gas by imposing a price cap on it. This price cap would help reduce the prices of piped natural gas (PNG), supplied to households, and compressed natural gas (CNG), used as auto fuel and by various industries, by up to 10 per cent.
In previous months, prices of natural gas had increased by 80 per cent owing to a spike in international markets. With this cap, recommended by the Kirit Parikh committee, domestic natural gas prices will now be announced monthly. They will be pegged at 10 per cent of the international price of the Indian crude basket.
