With the doubling of natural gas prices, there is a risk that the cost of production of fertilizers and electricity will increase.
Record: April 01, 2022 04:22
AM
New Delhi,
Electricity, Fertilizer, CNG Natural gas is used to produce cooking gas, which is piped to homes. The price of natural gas is fixed by the Central Government every 6 months.
Accordingly, the Ministry of Petroleum yesterday sharply increased prices for a period of 6 months from April 1 to September 30. Accordingly, it has raised its price from $ 2.90 per million British thermal units to $ 6.10.
That is, the price doubles. The hike will apply to natural gas extracted from old oil fields owned by the state-owned ONGC. The price of natural gas extracted from Reliance fields has risen from $ 6.13 to $ 9.92.
Due to this increase in prices, CNG It is expected that the price of cooking gas, which is piped to gas and homes, will rise by up to 15 per cent. In addition, the cost of production of electricity and fertilizers will increase. However, it is said that the price of fertilizer is not likely to go up as it is subsidized by the central government.
Following the rise in petrol, diesel and cooking gas prices, the price of natural gas has also gone up.