For Quick Alerts
For Daily Alerts

PNG, CNG To Get Costlier As Price Of Natural Gas Increased


The price that you paid until now for using PNG or piped natural gas for cooking and CNG or compressed natural gas for running your vehicle is set to rise in coming days as the government has revised the price of natural gas higher to $2.89 per mm Btu. The hike effective for the period between October and March 2017-18 is the first hike in three years time. Further this is for the gas which is produced in the local fields of RIL's KG-D6, ONGC and OIL.

PNG, CNG To Get Costlier As Price Of Natural Gas Increased

In a notification, it also sharply increased the ceiling on premium price for natural gas produced from tough fields to to .3 per million metric British Thermal unit. This increase has been made as per the reference rate in global economies.

How much shall be impact on PNG and CNG price?

The increase in price of natural gas produced in domestic field shall have a direct bearing on your CNG and PNG bill as natural gas is used as a feedstock by producers of power, fuel distributors etc. The liquefied natural gas which is imported by power companies as well as fertilizer manufacturers helps them to provide a cushion to their margins as they can now increase the mix of LNG depending on its price in the open international markets.

Story first published: Saturday, September 30, 2017, 13:16 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more