NEW DELHI: The price of natural gas produced from government-regulated domestic fields will rise to $6.1 per unit (million per British thermal unit), their highest-ever, from April 1 due to the impact of higher global benchmark prices on the latest six-monthly revision.
The revision will squeeze household budgets by making CNG and PNG services 10-15% costlier, shrink the margins of city gas operators and inflate the government’s Rs 1.05 lakh crore fertiliser subsidy estimate for 2022-23 if farm gate prices of nutrients, especially urea, are not raised.
