Natural gas - Gas prices hiked 40 per cent; CNG, PNG to cost more
Rate for October 1 to March 31 is based on the average price from July 2021 to June 2022
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Rate for October 1 to March 31 is based on the average price from July 2021 to June 2022
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
Natural gas price to rise to record level this week, say sources
The change in prices comes after the decision of the Maharashtra government to reduce value added tax (VAT) from 13.5 per cent to 3 per cent.
Government doubles gas prices to new peak, CNG rates may surge - 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.