New Delhi: The common man, already troubled by inflation, may soon get another shock. The Modi government has increased the prices of natural gas by more than double. Due to this, not only the LPG cylinders but also the prices of CNG and PNG are expected to rise again soon. This will not only increase the budget of the kitchen but can also see a huge increase in the rent and rent. Petrol has already hit a century (above Rs 100 per liter) and LPG Gas Cylinder has also crossed a thousand mark.
More than double increase
In a statement issued on Thursday by the Ministry of Petroleum, it has been said that the price of domestic natural gas is $ 6.1 per mmBtu (1 million British thermal units) for the next six months from April 1 to September 30, 2022. Has occurred. As of March 31, its price was $ 2.9 per mmBtu.
That’s how the price is fixed
Domestic natural gas prices are revised twice a year. Now the price will be revised in October. Natural gas prices are fixed here on the basis of annual average prices issued in major gas-producing countries like America, Canada, and Russia. The annual average price of these large producers is taken up to a quarter ago. That is, the prices from April 1 to September 30 are fixed on the basis of the average price from January 2021 to December 2021.
