The government on March 31 more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG, and piped to household kitchens for cooking, on the back of a spike in global energy prices.
The price of gas produced from old, regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal units (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
