By special corespondent, New Delhi: The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1.The government on March 31 more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG, and piped to household kitchens for cooking, on the back of a spike in global energy prices.
The price of gas produced from old, regulated fields, such as the nation’s largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal units (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1. Petrol and diesel prices have been raised nine times in the last 10 days, totalling ₹6.4 per litre while cooking gas LPG rates too have gone up by ₹50 per cylinder. The latest gas price hike will further fuel inflation.