In a major boon for the consumers, the natural gas prices are likely to witness a steep decline of as much as 25 per cent starting April, reports The Economic Time.
The massive price cuts would be in line with the slump in the global rates of natural gas in recent times. It would mark the second such reduction of the rates in six months and will bring down the rates to the lowest they have been in over two and a half years.
The cuts in the prices of natural gas will also bring down the prices of CNG in the markets as natural gas is a key input in the CNG which is consumed by vehicles in large amounts as an environment-friendly fuel.
The cut in the prices will also bring down the prices of the PNG which is used for cooking purposes, and also for manufacturing of fertilisers and petrochemicals.
It should be noted that the prices of natural gas are revised every six months. Once on 1 April and thereafter on 1 October.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.