CNG PNG Price News: Now you can get rid of expensive CNG and PNG prices. An important decision was taken on this issue in the cabinet meeting held on Thursday.
CNG PNG Price Latest Updates: Modi government is going to give big relief to the people struggling with inflation. Soon the prices of CNG and PNG are going to be reduced in the country. In the cabinet meeting chaired by PM Narendra Modi on Thursday, important decisions were taken on many issues including the price of CNG-PNG. Information and Broadcasting Minister Anurag Thakur gave information about the decisions taken after the meeting.
Union Minister Anurag Thakur gave information
He told that now it has been decided to fix a maximum limit on the prices of CNG and PNG gas supplied through pipes. For this, a base price of $4 per mmBtu has been approved on APM gas. Along with this, it has also been decided to keep a maximum price of $ 6.5 per MMBTU.
This formula made to fix the price
Minister Anurag Thakur said that under the new formula approved in the cabinet, the prices of CNG-PNG gas (CNG PNG Price) will now be linked to crude oil. The domestic gas price will now be 10% of the monthly average of the global price of the Indian crude basket. This price will be notified every month. This formula will reduce the prices of PNG by up to 10%. At the same time, the prices of CNG will come down by 7-9%. From this, from common domestic consumers to farmers and people driving vehicles, it will be of great benefit.
Earlier prices were fixed like this
Let us tell that till now the government used to fix the price of CNG-PNG twice a year. These prices were announced on April 1 and October 1. To determine these prices, the prevailing rates in countries like Canada, America and Russia were made base with an interval of one quarter in a year. Now in the new policy, this method of pricing has been changed to link it with the prices of imported crude oil and now these prices will be declared monthly.
