CNG, PNG Set To Get Costlier From Next Month As 12-14% Increase In Domestic Natural Gas Price Expected financialexpress.com

The price of CNG and PNG are set to rise from next month as the government will revise the prices of domestic natural gas for the October 2018-March 2019 period as per the new New Domestic Gas policy. Care Ratings has calculated that the rise in prices could by 12% from the current $3.06/mmBtu to approximately, $3.43/mmBtu.

As per the report, the rise in prices of natural gas will result in costlier CNG, PNG, manufacturing of urea and petrochemicals where natural gas is used as a feedstock. Earlier, news agency PTI had reported that the government might increase the price of domestic natural gas by 14%.