Gas price hike: Strong increase in natural gas prices by 62%, LPG-CNG and PNG may become expensive in the coming days

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Gas price hike: Strong increase in natural gas prices by 62%, LPG-CNG and PNG may become expensive in the coming days

Natural gas price hike: The government has fixed the price of natural gas at $2.90 per mmBtu (mmBtu) for the period from October 2021 to March 2022.

Natural gas price hike: In the coming days you will get LPG Gas, CNG and PNG at more expensive prices, it is now fully likely. Actually, the government has increased the prices of natural gas by 62 percent. Notification in this regard has been issued on Thursday. Accordingly, the government has fixed the price of natural gas at $2.90 per mmBtu (mmBtu) for the period from October 2021 to March 2022. Earlier this price was $ 1.79 per mmBtu.




Price did not change from April 2021 to September 2021

According to the news, on April 1 this year, the price of domestic natural gas was kept unchanged at $1.79 per mmBtu for April 2021 to September 2021.

In a second notification, PPAC said that the estimated maximum selling price for natural gas production from deep water, ultra-deep water, high pressure and high temperature discoveries has been increased from $3.62 per mmBtu to $6.13 per mmBtu.




get to know natural gas

Natural gas is the raw material that is converted into compressed natural gas (CNG) for use in automobiles as a fuel or piped into home kitchens for cooking purposes. Natural gas prices affect the earnings of state-run producers such as Oil and Natural Gas Corp Ltd and Oil India Ltd.



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