After Rail Fare Hike, Modi Govt Soon To Increase Natural Gas Prices; CNG, PNG, Urea To Get Costlier

After the 14.2% rail tariff hike, an acceptable increase in natural gas prices could be announced soon. Prime Minister Narendra Modi on Sunday met Oil Minister Dharmendra Pradhan for the second time in three days, apparently to hammer out the increase.
After nearly five hours of discussion on issues facing energy sector on Friday, Modi again called a meeting on Sunday with Pradhan where Finance Minister Arun Jaitley also joined. 
At the Friday meeting, sources told PTI, the gas price revision was flagged as one of the immediate decisions that the new government needs to take to revive investor interest in the stagnant oil and gas sector.

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