{"id":568804,"date":"2023-04-10T10:30:04","date_gmt":"2023-04-10T05:00:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568804"},"modified":"2023-04-10T11:48:25","modified_gmt":"2023-04-10T06:18:25","slug":"new-pricing-norms-may-make-cng-png-cheaper-by-11","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-pricing-norms-may-make-cng-png-cheaper-by-11\/","title":{"rendered":"New pricing norms may make CNG, PNG cheaper by 11%"},"content":{"rendered":"<p>The new pricing norms, which was approved by the union cabinet on Thursday, are likely to make piped natural gas (PNG) and compressed natural gas (CNG) cheaper by 9 to 11 per cent, CRISIL Ratings said on Friday. <\/p>\n<p>The administered price mechanism (APM) formula is now revised and determined as a 10 per cent slope to crude oil prices, but with a floor and ceiling price of $4 per million British thermal unit (mmBtu) and $6.5\/mmBtu, respectively. During the month of March 2023, the average crude price stood at $78 per barrel. On the basis of this, the ceiling price of gas will be $6.5\/mmBtu. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new pricing norms, which was approved by the union cabinet on Thursday, are likely to make piped natural gas (PNG) and compressed natural gas (CNG) cheaper by 9 to 11 per cent, CRISIL Ratings said on Friday. The administered price mechanism (APM) formula is now revised and determined as a 10 per cent slope to crude oil prices, but with a floor and ceiling price of $4 per million British thermal unit (mmBtu) and $6.5\/mmBtu, respectively. During the month of March 2023, the average crude price stood at $78 per barrel. On the basis of this, the ceiling price [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-568804","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568804","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=568804"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568804\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}