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The Cabinet on Thursday announced a new pricing mechanism for the bulk of domestically-produced natural gas by state-run explorers : 10% of India’s monthly average import price of crude oil with a floor of $4 per unit and a cap of $6.5. The move will effectively reduce costs of piped natural gas (PNG) supplied to kitchens and compressed natural gas (CNG) for automobiles by up to 11% from Saturday
Editor In Chief : Dr Dhimant Purohit
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