Gas Price Hike: Before the festivals, once again the common people can get a big shock. The price of natural gas has increased by 40 percent to a record level. People are already worried about the rising prices of petrol and diesel. Now it is believed that from today the prices of CNG and PNG are also going to increase.
Let us tell you, the fare of auto and taxi has increased in Mumbai. Here the minimum fare of taxi has increased by Rs. At the same time, to travel by auto rickshaw, one will have to pay two rupees more than the current minimum fare. Not only the travel but the interest rates of the banks are also going to be heavy on your pocket. Yesterday RBI changed the repo rate. After this decision, many banks including HDFC and SBI have increased the interest rates on loans.
The cost of electricity and transport may increase
After the increase in the price of gas, from cooking in the kitchen to electricity and transportation expenses are also going to increase. Due to the Russo-Ukraine war, there has been an increase in the prices of natural gas in the international markets. Also, the government fixes gas prices every six months or on 1 April and 1 October.
Gas price from old fields of ONGC increased
The price of gas produced from the old fields given to ONGC and Oil India will be $8.57 per unit from Saturday (October 1), rising from $6.1 in April 2023 for the next six months. At the same time, Reliance Industries Limited and its partner BP Plc have increased the price of gas extracted from difficult and new fields such as the D-6 block operating in the KG basin from $ 9.92 to $12.6 per unit.
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