Gujarat Gas hikes retail prices of CNG & PNG

Gujarat Gas hiked retail prices of compressed natural gas (CNG) and piped natural gas (PNG) up by ₹2.50 and ₹9.50 per unit respectively on Tuesday.

This comes after Centre announced a sharp rise of 62% in the prices of domestically produced gas last week.

The hike is the first increase in rates since April 2019 and comes on back of firming benchmark international prices but does not reflect the spurt in spot or current price of liquefied natural gas (LNG) witnessed during the last couple of weeks.