{"id":524875,"date":"2022-09-26T11:44:34","date_gmt":"2022-09-26T06:14:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524875"},"modified":"2022-09-26T11:44:34","modified_gmt":"2022-09-26T06:14:34","slug":"cng-png-rates-to-jump-as-gas-price-may-hit-record-on-october-1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cng-png-rates-to-jump-as-gas-price-may-hit-record-on-october-1\/","title":{"rendered":"CNG, PNG rates to jump as gas price may hit record on October 1"},"content":{"rendered":"<p>NEW DELHI: CNG and PNG will become costlier and input cost for fertiliser manufacturers will rise sharply as prices of natural gas produced from domestic fields will spike 50% to record levels if the government decides to carry out the scheduled revision on October 1 in spite of a committee reviewing the pricing formula to moderate consumer rates.<\/p>\n<p>The impact of spike in global gas prices following the Russia-Ukraine conflict would push up the price of gas from legacy fields of ONGC and Oil India from $6.1 per unit to all-time high of $9 per unit (million British thermal unit). The price of gas from technologically challenging fields, which also enjoy marketing freedom, will spike from $9.9 per unit to $12 per unit.<\/p>\n<p>Global spot market rates had shot up to $65 per unit, 4-5 times the normal, soon after the conflict. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: CNG and PNG will become costlier and input cost for fertiliser manufacturers will rise sharply as prices of natural gas produced from domestic fields will spike 50% to record levels if the government decides to carry out the scheduled revision on October 1 in spite of a committee reviewing the pricing formula to moderate consumer rates. The impact of spike in global gas prices following the Russia-Ukraine conflict would push up the price of gas from legacy fields of ONGC and Oil India from $6.1 per unit to all-time high of $9 per unit (million British thermal unit). [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-524875","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=524875"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524875\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}