Domestic natural gas prices are set to increase a steep 18 per cent to $3.97 per million British thermal unit (mBtu) from April 1 following a spike in the prices in global gas hubs.
Families using piped natural gas for cooking will have to pay more for its use, along with the users of CNG in automobiles and fertiliser and power plants. The gas prices are revised twice a year based on a global hub formula.
The increase in prices ahead of the general elections could provide the Opposition with an effective tool to attack the government.
