Natural gas to cost more as govt raises price cap after 2 years, jury out on CNG hike

The government has raised the price cap on natural gas from legacy fields, resulting in a 4% increase in effective prices from April 1. This change affects state-run ONGC and Oil India Ltd., with notable implications for city gas operators and consuming industries, although government subsidies will protect fertilizer units.The government has raised the price cap on natural gas from legacy fields, resulting in a 4% increase in effective prices from April 1. This change affects state-run ONGC and Oil India Ltd., with notable implications for city gas operators and consuming industries, although government subsidies will protect fertilizer units.