Oil Ministry freezes gas allocation, prices of CNG, PNG spike
Shortpedia
Content Team
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The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of the Union Cabinet to give 100% gas supply under 'no cut' priority to the CGD sector, current supplies have been maintained at March 2021 demand level.
