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Why is the price of gas increasing? Central experts are discussing to find a way

Why is the price of gas increasing? Central experts are discussing to find a way

September 13, 2022

Updated: 13 Sep 2022, 11:59 PM IST
Soumick Majumdar

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Currently, domestic gas prices in India have reached record highs. Due to the Ukraine-Russia conflict, global gas prices have increased significantly. And because of that, it is feared that the price of gas here will increase further. That is why the idea to amend the ‘formula’.

1/5Central experts will review the pricing policy of locally produced gas. A special panel has been constituted in this regard. News agency Reuters cited one such government directive. The move is aimed at reducing inflation and increasing the use of cleaner fuels. File photo: Bloomberg (PTI)

2/5Local gas prices in India are fixed in line with international benchmarks. The gap is kept short by a quarter compared to Henry Hub, Alberta Gas, NBP and Russian Gas. File photo: Hindustan Times Bengali (PTI)

3/5Currently, domestic gas prices in India have reached record highs. Due to the Ukraine-Russia conflict, global gas prices have increased significantly. And because of that, it is feared that the price of gas here will increase further. That is why the idea to amend the ‘formula’. File photo: PTI (PTI)

4/5According to sources, the said panel will have to submit their report within this month. Energy expert Kirit Parikh is heading the committee. There will be representatives of the Union Ministry of Fertilizers, gas producers and buyers. File photo: Reuters (PTI)

5/5According to informed sources, even if the recommendations of this panel come, it will not be implemented immediately. It will not be effective for the next six months of October. Because this is only a recommendation. Cabinet approval is required for implementation. File photo: Bloomberg (PTI)

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Tags: Bengali News, Central Govt, gas prices, India panel, inflation, local gas pricing, News In Bengali

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