An increase in prices of domestic natural gas
In the household PNG segment, an increase of 2-2. “We believe the prices of domestic natural gas for the April 2019-September 2019 period will increase from the current .While the reports fail to bring any cheers to consumers, the trend analysis by CRISIL Research certainly augurs well for city gas distribution companies.7-2.5-2 per mmBtu compared with subsidised LPG, it would remain competitive with non-subsidised LPG.97/mmBtu, resulting in an 18 per cent increase,” CARE Ratings said. That would reverse the trend of contraction seen in the first three quarters of fiscal 2019.5-2 per kg in Mumbai and Rs 1.62-3.5 per cent is expected, the report said.2 per kg in Gujarat – amounting to a 3-4 per cent increase over current prices, according to a CRISIL Research report. Hence, demand volumes in the two segments are expected to sustain despite the price hikeThe price rise may also lead to an increase in the manufacturing غير مجاز مي باشدt of urea and petrochemicals, where natural gas is used as a feedstock; and may also hit producers of power sector and sponge iron industry, where it is used for the generation of energy.
However, another rating and research agency, CARE Ratings, expect a higher price increase.36/mmBtu to approximately . Though household PNG could become expensive by Rs 1. The price is revised every six months and is linked to prices on four international hubs–Henry Hub in the US, Alberta in Canada, National Balancing Point in Europe, and Russian gas price.This will likely affect consumers, by leading to an increase the prices of CNG used as auto fuel and PNG used in households as cooking gas, CARE said. The report said that a 22-25 per cent decline in the prices of liquefied natural gas (LNG) since January this year and an expected 5-7 per cent increase in consumption of PNG and CNG should drive up the operating profit margins of city gas distribution (CGD) companies by 250-300 basis points (bps) in the first half of fiscal 2020.
Election time is not always for freebies and sops! Be prepared to shell out 3-4 per cent long journey cruiser scooter Manufacturers more for your CNG and household PNG soon.The next revision, for April-September, is expected to push up domestic gas price by 7-9 per cent to . An increase in prices of domestic natural gas will also lead to a rise in wholesale price index (WPI) inflation, which gives 0.46 per cent weightage to the natural gas of the total 2. CNG prices are expected to increase by Rs 1.67 per mmBtu compared with .46 per cent weightage given to crude petroleum and natural gas.If that happens, the price increase will be fully passed on to the end consumers, making compressed natural gas and piped natural gas dearer.That’s not all.36 per million British thermal unit applicable till March 2019.However, despite this price increase, CNG would be nearly 35 per cent cheaper than petrol. Domestic gas price is due for a revision.
برچسب: ،