Gandhinagar: Gujarat Gas Limited has increased the cost of industrial piped natural gas (PNG) to Rs 40.83 per standard cubic metre (SCM), up from the previous rate of Rs 38.4 per SCM. This rise of Rs 2.5 per SCM in the industrial PNG price was put into effect on Monday, following five reductions in prices implemented by the company earlier this year.

After being priced at Rs 49.3 per SCM in February, the cost of gas had subsequently decreased to Rs 40.83. It is learned from the sources that this price increase is because of a recent surge in spot prices of liquefied natural gas. DeshGujarat