The Indian government approved the recommendations of a gas panel report, on Thursday (April 6) which would fix the cost of natural gas by imposing a cap or ceiling price and help lower the cost of compressed natural gas (CNG) and piped cooking gas prices (PNG) by up to 10 per cent.

Explained | India: CNG, PNG to cost less after revision in domestic gas pricing. Here’s how

Natural gas produced from Indian government allotted fields will now be linked to crude oil prices instead of gas prices and nations such as the United States, Canada and Russia. India's new price mechanism is likely to cut piped natural gas prices by 10 percent and compressed natural gas prices by six to nine percent.

India tweaks natural gas pricing mechanism

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