Unlike Premium Motor Spirit (PMS) that is subsidised, the price of gas is determined by gas aggregators and franchises. Poor access to gas undermines government’s domestic gas utilisation agenda and target to get industrial clusters to adopt gas a preferred source of energy. TO check the rising cost of Liquefied Natural Gas (LNG) and unstable supply in recent time, local producers are exploring migration to Compressed Natural Gas (CNG), which they have described as cheaper than the former. The gas pricing in the Bill is seen to be within the range of gas prices in other emerging nations with significant gas production. The objective is to establish a fully functioning free market in natural gas for domestic supplies.

Source: The Guardian June 28, 2021 04:41 UTC