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The prices were revised a day after the Union government announced a revised new pricing mechanism for the bulk of domestically-produced natural gas by state-run explorers
Rates will be fixed every month instead of the current practice of fixing them bi-annually.
Cabinet approved floor price of $4/MMBtu for APM gas, ceiling of $6.5/MMBtu as against current rate of $8.57
This was announced by Union Information and Broadcasting Minister Anurag Thakur after a meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
With this, CNG will now cost Rs 78.61 per kg in Delhi. The piped gas prices in Delhi have gone up to 53.59 per standard cubic meter.