Inflation may take another current: Natural gas prices will increase by 62 percent, CNG, PNG will be expensive
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October to March price hike
Fertility, CNG and PNG prices to rise sharply
The decision of the government to increase the price can lead to a sharp jump in the prices of CNG, PNG and fertilizers, as natural gas is used to produce fertilizer, power generation and CNG gas.
Natural gas prices affect earnings of state-run producers such as Oil and Natural Gas Corp Ltd and Oil India Ltd. This is the maximum price that Reliance Industries Limited and its affiliate BP Plc are entitled to for gas originating from deep sea blocks like KG-D6. In cities like Mumbai, the price of CNG and piped LPG supplied to households will increase by 10-11 percent.
the common man will have a lot of trouble
This step by the government to increase the price of natural gas will cause a lot of trouble to the common people. Because natural gas is used in many places. CNG is manufactured from natural gas, now due to increase in its price, the price of CNG will also increase very soon. Apart from this, electricity bill will also be affected due to this because electricity is also produced from natural gas.
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