CNG costs could go up after hike in pure fuel costs

The worth of pure fuel has seen an upward revision of $1.11 per million British thermal unit which is roughly Rs. 90 per million British thermal models.

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Natural fuel worth sees upward revision of $1.11 per million British thermal unit

Motorists have been bearing the brunt of the hike within the costs of petrol and diesel for a yr and now CNG can also be prone to be costlier. A worth notification issued on September 30 by the Petroleum Planning and Analysis Cell (PPAC), a department of the Ministry of Petroleum and Natural Gas, mentioned domestically produced pure fuel would value $2.90 per million British thermal unit (mmBtu). . From October 1, 2021 to March 31, 2022. Therefore, an upward revision of $1.11 per million British thermal unit has been noticed within the worth of pure fuel which might be roughly ₹ 90 per million British thermal unit.

Read additionally: Petrol costs hiked after a niche of twenty-two days; Diesel sees fourth charge hike

Prices shall be relevant on the idea of Gross Calorific Value.

Earlier this yr, on April 1, the home pure fuel worth was stored unchanged at $1.79 per mmBtu for April 2021 to September 2021. A separate notification issued by PPAC additionally talked about that the utmost promoting worth is allowed for pure fuel manufacturing from deep water, ultra-deep water. , excessive stress and excessive temperature discoveries had been elevated from $3.62 per mmBtu to $6.13 per mmBtu. In April, the worth of pure fuel manufacturing from deepwater, ultra-deep water, excessive stress and excessive temperature discoveries was lowered from $4.06 per mmBtu to $3.62 per mmBtu. Prices shall be relevant on the idea of Gross Calorific Value.

Read additionally: Diesel costs hiked for second day in a row; petrol stays unchanged

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Apart from CNG, the upcoming worth hike can also be anticipated to gas fertilizers and energy vegetation amongst others.

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