Domestic natural gas prices doubled; CNG, cooking gas to get costlier
New Delhi, March 31: Domestic natural gas prices are set to be more than doubled to USD 6.10 per million British thermal unit (mmBtu) starting April 1, from the current USD 2.90 per mmBtu, informed Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas on Thursday.
The increased prices will be effective for the first six months of the financial year 2022-23.
"In accordance with Para 8 of the 'New Domestic Natural Gas Pricing Guidelines, 2014' issued vide Ministry of Petroleum and Natural Gas, Govt of India, F.No. O-22-13/27/2012-ONG-D-V dated 25-10-1014 the price of domestic natural gas for the period 1st April 2022 to 30th September 2022 is $6.10/MMBtu on the Gross Caloric Value (GCV) basis," said Petroleum Planning and Analysis Cell in a release.
Also Read | Kejriwal slams BJP for vandalism, says 'Country's largest party indulging in hooliganism'
This will result in hiked prices of piped cooking gas, CNG and other energy product. Apart from CNG and piped cooking gas, natural gas is also used to generate electricity and produce fertilisers.
The prices of the natural gas from deep fields will be soared to USD 9.92 per MMBtu for the April-September 2022 period from the current price of USD 6.13 per mmBtu.
Also Read | Sonia Gandhi voices concern over MGNREGA budget allocation, payment of wages
-PTC News
