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ā¢ Indraprastha Gas (IGL) has reportedly hiked CNG prices in Delhi-NCR by Rs 1, effective from November 23.
ā¢ The Centre had earlier adopted a new gas pricing formula and imposed a cap to help cut CNG and piped cooking gas prices by up to 10%.
ā¢ The new formula indexes natural gas produced from legacy fields to crude oil prices, with a cap of USD 6.5 per mmBtu and a floor of USD 4 per mmBtu.