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Natural gas price to be cut by 9% to $4.56 from Apr 1

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit based on weighted average of international hub rates. This was on gross clarofic value (GCV) basis.
No going back on gas price hikes; notification soon: Moily

The comments come amid the Supreme Court hearing a PIL filed by CPI leader Gurudas Dasgupta contending that the government decided to hike the gas prices without taking into account its disastrous consequences on the economy, particularly power and fertiliser sectors.

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