CNG, piped cooking gas prices may rise 10-11% in October: Report
The Hindu
The government fixes the price of natural gas produced by firms such as state-owned ONGC from fields given to them on nomination basis, every six months
CNG and piped cooking gas prices in cities such as Delhi and Mumbai may be hiked by 10-11% next month as the government-dictated gas price is set to rise by about 76%, ICICI Securities said in a report. The government, using rates prevalent in gas-surplus nations, fixes the price of natural gas produced by firms such as state-owned Oil and Natural Gas Corp (ONGC) from fields given to them on nomination basis, every six months. The next review is due on October 1.
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