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The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to USD 8.57 per million British thermal units from the current USD 6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
CNG Price Hike This is the second hike in a week s time after the IGL hiked CNG prices by Rs 2 on May 15 CNG prices have been hiked in Delhi NCR and some cities of Uttar Pradesh Haryana and Rajasthan
The price of CNG in the national capital has been hiked by Rs 2 per kg, the 12th increase in rates in just over two months.
The Indraprastha Gas Limited (IGL) has also hiked gas prices in other parts of the country.
Indraprastha Gas Ltd (IGL) on Wednesday announced a fresh hike in prices of compressed natural gas (CNG) in Delhi and neighbouring cities.