Gas price hike: Analysts say CNG prices may rise by at least Rs 8-12 per kg

The government last week raised the prices of gas produced from old fields, called APM gas, to $8.57 per million British thermal unit from $6.1

CNG prices are likely to be hiked by Rs 8-12 per kg and that of gas piped to household kitchens by over Rs 6 per unit after the government raised the prices of input natural gas to a record, analysts said on Monday.
 

The government last week raised the prices of gas produced from old fields, called APM gas, to USD 8.57 per million British thermal unit from USD 6.1. The rates for gas produced from difficult fields were hiked to USD 12.46 from USD 9.92 per mmBtu.

APM gas makes up for two-thirds of all gas produced in the country.