Gas price Financial News

NEO’s native settlement GAS token, has undertaken a price explosion, with GAS price pushing up +11.5% despite serious retracement, is it too late to buy GAS token?

By Arunima Bharadwaj

₹209 from 1 October. The hike of ₹209 has come after two successive reduction of ₹250 (Approx) in August and September this year. In Delhi, the commercial gas cylinder price has been increased to ₹1,731.50/kg from ₹1,522.50/kg.

increased from $7.85 to $8.60. The hike is expected to affect end-consumers, as city gas distribution companies are likely to accordingly raise the prices of compressed natural gas (CNG) as well the piped natural gas (PNG), commonly referred to as the cooking gas.

Are high gas prices burning a hole in your wallet

Reliance Industries is likely to be cut by about 14 per cent from next month in line with softening energy prices, sources said. For the six-month period starting October 1, the price of gas from deepsea and high-pressure, high-temperature (HPTP) areas is likely to be cut to around $10.4 per million British thermal unit from the current $12.12, they said. The government bi-annually fixes prices of the locally-produced natural gas — which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers. Two different formulas govern rates paid for gas produced from legacy or old fields of national oil companies like Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), and for newer fields lying in difficult-to-tap areas, such as deepsea. Rates are fixed on April 1 and October 1 each year.

Indraprastha Gas Q1 Preview: Indraprastha Gas Limited (IGL) is likely to witness a rise in net profit for the April-June quarter on a quarter-on-quarter basis (QoQ) due to recovery in margins and volume. The leading city gas distributer's profit after tax (PAT) is likely to rise 59 per cent sequentially on improved earnings before interest, taxes, depreciation, and amortization (EBITDA) margins in the first quarter quarter of current fiscal, according to a report by JM Financial Services.

Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain.

Leaders of several Mediterranean and Southern European countries have called on Brussels to come up with a more flexible gas price cap mechanism than the recently proposed cap of €220 per megawatt hour.

David Wighton is a columnist at Financial News

While the community was witness to the largest NFT mint yet, Ethereum (ETH) gas prices rose to unprecedented levels, in addition to users experiencing failed transactions due to blockchain bottlenecks.