New Delhi. LPG Gas Price: A big decision has been taken by the government to reduce the rising gas prices across the country. Now government oil companies are going to introduce new gas pricing system across the country, which will give relief to the general public. Along with this, there will be a fall in the prices of gas.
The government had announced new guidelines on 6 April 2023. Under this, the government will fix the prices of domestically produced gas on a monthly basis. This rate will be 10 percent of the Indian crude basket (the average price of crude oil imported by India) in the previous month.
Get at least $4 per unit price on gas production S&P said in a statement that the lower price limit means that ONGC will be able to get a price of at least $ 4 per unit on its gas production. Even if the prices of natural gas at the international level are historically low. Similarly, an upper limit on prices will limit earnings growth for ONGC. Especially this will be seen amidst the current increased prices.
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