Piped natural gas (PNG) and compressed natural gas (CNG) will be cheaper for consumers across the country, thanks to the government’s approval of a new method to fix natural gas prices on Thursday. Union Information and Broadcasting Minister Anurag Thakur made the announcement following a meeting of the Cabinet Committee on Economic Affairs, which was presided over by Prime Minister Narendra Modi.
The move will reduce the cost of PNG or cooking gas by 10% and CNG by 6-9%, according to Thakur, who added that the government will issue a notification in this regard on Friday (April 7) and the decision will be implemented on April 8. (Saturday). The decision is expected to reduce the price of CNG by Rs 5-8 per kg in various parts of the country, and PNG by Rs 5-6.5 per SCM (standard cubic metre). The new guidelines are intended to ensure a stable pricing regime for domestic gas consumers while also protecting producers from adverse market fluctuations and providing incentives for increased production.
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