Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Weatherproof Vintage Men's Jeans Buy Now
Cross Pendant Necklace Buy Now
OLOV Electric Body Hair Trimmer Buy Now
Women's Hijab Buy Now
Vintage Printed Linen Shirt Buy Now
Carhartt Beanie Buy Now
Legendary Flannel Buy Now
Boho Oval Crystal Opals Statement Bib Necklace Earrings Buy Now
Instant Hijab Scarf For Women Buy Now
3-Gear Electric Air Duster with LED Buy Now
Multifunctional Cleaning Kit Buy Now
Premium Gold Foil Hijab Buy Now
MAIBAOTA 8-Piece Men's Necklace Set Buy Now
Chiffon Scarf Buy Now
Digital Camera for Photography 48MP Buy Now
Shark FlexBreeze Fan Buy Now
Hanes Pocket Undershirt 6-Pack Buy Now
Stanley The IceFlow Buy Now
Flowy Maxi Skirt with Pockets Buy Now
Oversized Sunglasses for Women Buy Now
Weatherproof Vintage Men's Jeans Buy Now
Cross Pendant Necklace Buy Now
OLOV Electric Body Hair Trimmer Buy Now
Women's Hijab Buy Now
Vintage Printed Linen Shirt Buy Now
Carhartt Beanie Buy Now
Legendary Flannel Buy Now
Boho Oval Crystal Opals Statement Bib Necklace Earrings Buy Now
Instant Hijab Scarf For Women Buy Now
3-Gear Electric Air Duster with LED Buy Now
MoreBack to News Headlines
Natural gas prices hiked by 40% to record levels; CNG, PNG to cost more

Natural gas prices hiked by 40% to record levels; CNG, PNG to cost more

The Hindu
Friday, September 30, 2022 2:17 PM GMT

This will be the third increase in rates since April 2019 and comes on the back of firming benchmark international prices

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40% to record levels, in step with global firming up of energy rates.

The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the Oil Ministry's Petroleum Planning and Analysis Cell (PPAC).

Explained | Why natural gas prices are soaring

Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.

These are the highest rates for administered/regulated fields (like ONGC's Bassein field off the Mumbai coast) and free-market areas (such as the KG basin).

Also, this will be the third increase in rates since April 2019 and comes on the back of firming benchmark international prices.

Gas is an input for making fertiliser as well as generating electricity. It is also converted into CNG and piped to household kitchens for cooking purposes. A steep increase in prices is likely to reflect in higher rates for CNG and piped natural gas (PNG), which has in the last one year risen by over 70%.

Read full story on The Hindu
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Deloitte projects 6.4-6.7% GDP growth in FY26

Deloitte projects India's economic growth at 6.4-6.7% for FY 2025–26, driven by domestic fundamentals and global opportunities.

Tariff war will worsen economy more than COVID-19 pandemic: Kerala Finance Minister K.N. Balagopal

Kerala Finance Minister warns of looming tariff war, urges preparation to tackle economic challenges ahead.

Highway Infrastructure IPO fully subscribed within hours of opening for bidding

Highway Infrastructure Ltd. IPO oversubscribed 7.47 times, raising ₹23.40 crore from anchor investors, with a price band of ₹65-70.

Anil Ambani appears before Enforcement Directorate in bank loan 'fraud' linked PMLA case

Anil Ambani appears before ED for questioning in multi-crore bank loan fraud case, suspected of money laundering.

Services growth hits 11-month high in July on stronger exports, PMI shows

HSBC India Services PMI rises to 60.5 in July, showing strong growth in services sector, driven by international demand.

Rupee slips 29 paise to 87.95 against U.S. dollar in early trade

Rupee under pressure as Trump threatens higher tariffs for buying Russian oil, impacting forex market and economy.

Tata Sons-backed Tata Capital files updated draft papers with SEBI for IPO

Tata Capital files updated draft papers for IPO of up to 47.58 crore equity shares, valued at $11 billion.

Tesla approves $29 billion in shares to Elon Musk as court case rumbles on

Tesla announced an “interim” compensation award worth about $29 billion for Elon Musk on Monday.

Palantir raises annual revenue forecast again on surging AI demand

The raised forecast is also above analysts’ average estimate of $3.90 billion, according to data compiled by LSEG.

Intel's credit rating downgraded by Fitch on demand challenges

Fitch is downgrading U.S. chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency.

‘RBI’s campaign for financial inclusion saturation plan, re-KYC covers a third of total gram panchayats’

RBI's nationwide campaign for financial inclusion and re-KYC at gram panchayat level achieves one-third coverage target.

U.S. President Donald Trump says he will ‘substantially’ raise tariffs on India over Russian oil purchases

President Trump plans to raise tariffs on India for reselling Russian oil, citing indifference to Ukraine conflict.

LTIMindtree awarded tender for PAN 2.0, government’s one-stop platform for all PAN issues: Sources

Government's PAN 2.0 project by LTI Mindtree aims to streamline PAN and TAN services, expected to go live in 18 months.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Rupee rises 15 paise to 87.73 against U.S. dollar in early trade

Rupee gains against U.S. dollar as markets await RBI policy outcome amid global oil price rise and FII outflows.

Markets trade lower after initial optimism ahead of RBI policy decision

Sensex and Nifty decline amid RBI policy caution, foreign fund outflows; Trump's threats impact Indian markets.

Paradip Port receives ‘Major Port of the Year – Non-Containerised Cargo’ award

Paradip Port wins Major Port of the Year award for non-containerised cargo, showcasing operational efficiency and strategic importance.

Intel struggles with key manufacturing process for next PC chip, sources say

The production process that Intel hoped would pave the way to winning manufacturing deals and restore its edge in churning out high-end, high-margin chips is facing a big hurdle on quality.

Monetary Policy Committee meeting LIVE: RBI Governor Malhotra to announce decision on interest rate

RBI MPC meeting LIVE updates: Follow The Hindu for updates on the Reserve Bank of India’s monetary policy committee meeting on August 6, 2025.

OpenAI eyes $500 billion valuation in potential employee share sale: Report

ChatGPT maker OpenAI is in early talks for a potential secondary stock sale that would allow current and former employees to sell shares.

India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

Ashwini Vaishnaw discusses global impact of geopolitics, geoeconomics, and geotechnology on businesses and economies at SAP Labs India.

4.08 crore LPG connections blocked to curb misuse of subsidy 

DBTL scheme blocks 4.08 crore fake LPG connections, ensuring transparent subsidy disbursal and curbing misuse effectively.

After 14 years, Tamil Nadu records double-digit growth in real terms

Tamil Nadu achieves double-digit economic growth rate of 11.19%, surpassing forecasts and ranking third in per capita income.

Adani Ports & SEZ Q1 profit rises 6.54% to ₹3,310.60 crore

Adani Ports & SEZ reports 6.54% rise in net profit, strong revenue growth, and operational expansions in Q1 FY26.

Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags

Stock indices Sensex and Nifty close lower on Tuesday due to selling in oil, gas, and banking shares.

Rupee falls 16 paise to close at 87.82 against U.S. dollar

Rupee weakens against dollar due to trade tensions, RBI intervention, and global market volatility, impacting Indian economy.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us