The domestic natural gas price in the country is likely to be hiked over 10 per cent to $3.7 per million British thermal units (mBtu) from April 1 following a spike in prices in the global gas hubs.
The move is likely to boost the earning of producers such as ONGC but hurt the consumers of CNG and households using piped gas.
Natural gas prices were last hiked on October 1, 2018 by 10 per cent when rates moved up to $3.36 per mBtu from $3.06. This will be the fourth straight increase in gas prices.
