Gas price for April at $7.92 but price for consumers capped at $6.5: Govt order

Anurag Sharma
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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World
It appears that the government has set the ceiling price for gas at $6.5 per mmBtu, which will be maintained for the next two years and then gradually increased each year. The decision to revise gas prices every month instead of bi-annually could help ensure that consumers benefit from any fluctuations in the market, as the government will monitor the prices of CNG and piped natural gas to ensure that any reduction in input gas price is passed on to consumers. This could help provide some relief to households that rely on these essential services, and also help control inflation in the long run. However, it remains to be seen how the market will react to these government interventions, and what impact they will have on the overall economy.


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