Relief in the price of ABM gas two years later, the government reduced the reduction
Natural gas
Price of natural gas: According to the Petroleum Ministry’s Petroleum Planning and Analyst Cell (PPAC), Natural Gas has 10 lakh British heating units (MMPTU) for 10 lakh British heating units (MMPDU).
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This is the first cut to implement the new formula for the price of such gas in April 2023. This has pressed the increase in production costs such as Urban gas retailers Indraprastha Gas Limited, Metropolitan Gas Limited and Adani-Total Gas Limited.
On April 2023, the trade union cabinet accepted the report of an expert panel, in which the price of gas from the old areas of ABM gas is said to be determined by the monthly import price of monthly crude oil monthly, at least 4 dollars and a maximum of $ 6.5 for British heating units.
The maximum value should not change for two years and then grow at a rate of 25 0.25 each year. Accordingly, in April, the maximum price rose to 75 6.75 per unit.
CNG and PNG will get relief for consumers
Government agencies Ong ong ong ong ong ong ong The price of ABM gas produced on the basis of oil has been reduced for the first time in two years. This gas is used in domestic pipe cooking gas (PNG), CNG, power generation and fertilizer production. Prior to April 2023, its price was fixed every six months based on the average of the International Gas Center. Now it is fixed every month, but under the minimum and maximum range.
According to the new rate, the price of ABM gas has been reduced to 75 6.75 to 41 6.41 to Million British Heat Unit (MMPTU). This will provide relief to urban gas distributors, and they are 60% CNG and domestic PNG.
What is ABM gas
ABM gas is a natural gas sold at a recommended rate under the price of the Government of India, ie ONGC (Oil and Natural Gas Corporation) and Oil (Oil India Limited).
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