The price of natural gas in India can be drastically reduced by 25% from April. According to sources, due to the fall in the price of natural gas worldwide, the price of natural gas can be reduced drastically in the country. The reduction in the prices of most of the natural gas produced by the public sector company ONGC and Oil India Limited can be announced. If this happens, it will be the second reduction in 6 months and the price of gas can reach the minimum level of two and a half years.

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Simultaneously, natural gas is used in the production of fertilizers, generating electricity, suitable CNG in automobiles and conversion of cooking gas used in homes. The price of natural gas is determined twice a year. The price of this gas is fixed on a difference of six months on April 1 and October 1. The price of natural gas determines the prices of urea, electricity, and CNG. This also determines the income of companies like ONGC. On October 1 last year, the price of natural gas was cut by 12.5%.

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On October 1, the price of natural gas was reduced from $ 3.69 per MMBtu to $ 3.23 per MMBtu. It is now expected to be $ 2.5 per MMBtu. According to sources, the cut in the price of natural gas could affect the earnings of Reliance Industries and its partner company BP plc with India's largest natural gas producer ONGC. CNG can also become cheaper after the fall in natural gas prices as natural gas is used in the production of CNG. The price of piped gas PNG used for cooking food in homes can also come down.

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