The reforms are expected to lead to significant decrease in prices of Piped Natural Gas (PNG) for households and Compressed Natural Gas (CNG) for transport, , gas prices
The Union Cabinet on Thursday approved new gas pricing guidelines, paving the way for linking natural gas prices in India to global crude prices.The Cabinet also approved a floor price of $4 per mmBtu and a ceiling of $6.50 per mmBtu under the Administered Price Mechanism.
India sets natural gas prices at $7.92 per metric million British thermal unit for 8-30 April period, with a ceiling of $6.50 for gas produced by ONGC and Oil India.
Adani Total Gas Ltd (AGTL) announced a reduction in the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) on Friday. Check revised rates here. The substantial reduction in the CNG and PNG prices shall bring the much needed relief to the large number of users of both CNG and PNG in the country and in ATGL GA's. , Economy News, Times Now