New Delhi, Oct 25 (TIWN) After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers in India at the risk of inflated CNG and PNG rates.

As per an assessment of gas market done by ICICI Securities, prices in gas futures market is estimated to rise by US$4.1/mmbtu to US $7.35/mmbtu in H1FY23 and by another US$3.6/mmbtu (49 per cent) to US $10.95/mmbtu in H2FY23.