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A meeting of the Union Cabinet was held under the chairmanship of Prime Minister Narendra Modi, in which a decision was taken to give great relief to the common man. The Union Cabinet approved the new formula for gas pricing. Due to which the price of CNG and pipe will be reduced by up to 10 percent.
Big decision taken on the price of cooking gas
After the cabinet meeting, Information and Broadcasting Minister Anurag Thakur said, fixed a maximum limit on the prices of CNG and pipe-supplied LPG. The Cabinet approved a base price of $4 per mmBtu for APM gas, with a cap of $6.5 per mmBtu.
Gas price will be fixed every month
Union Minister Anurag Thakur said, now instead of the international hub gas price, the gas price has been linked to imported crude oil. And the price of domestic gas will be 10% of the international price of Indian crude basket. He told, the price of gas will be notified monthly.
#WATCH , Now, gas price, instead of international hub gas price, has been linked to imported crude. And price of domestic gas will be 10% of international price of Indian crude basket, to be notified monthly……: Union Minister Anurag Thakur pic.twitter.com/UN6i441I3N
— ANI (@ANI) April 6, 2023
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