Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu

Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu

The government bi-annually fixes prices of locally produced natural gas -- which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.

Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu

The government bi-annually fixes prices of locally produced natural gas -- which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.

Cabinet to consider price caps on gas to stave off rates rising to $10.7 per mmBtu

Rates of CNG and piped gas for kitchens have already jumped 70% because of previous gas price hike and would climb further

Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mm

APM gas fields were allotted to ONGC and OIL before 1999. Production from these fields do not attract profit-sharing with the government, and their pricing formula is benchmarked to gas prices at international gas hubs in surplus nations every six months based on the weighted average price. Prices were last revised on October 1 and are now due for revision on April 1.

Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu

Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said.The government bi-annually fixes prices of locally produced natural gas -- which is converted into CNG for use in automobiles, piped to…

Cabinet To Consider Price Caps On Gas To Stave Off Rates Rising To $10.7 Per MMBtu

The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said.