OIL & GAS

IGL hikes CNG price by 90 per cent in city; PNG rates up too

Indraprastha Gas Ltd, the sole supplier of natural gas in the NCR, has raised CNG price by 90 paise to Rs 45.20 per kg and PNG price by Rs 1.25 to Rs 30.91 per unit (SCM) from Sunday, stretching household budgets already bearing the burden of high petrol and diesel prices.

The company said prices have been raised to cover the increase in input costs. The company has been forced to service CNG and PNG consumers with imported gas, which costs eight times more than domestic gas, because of rising demand.

“While sales volumes have increased substantially, the domestic gas allocation has remained constant due to lower average volumes of previous months,” the company said.

After the revision, CNG costs Rs 50.90 per kg and PNG Rs 30.86 per unit in Noida, Greater Noida and Ghaziabad.

In Gurgaon, PNG costs Rs.29.10 per unit. In Kaithal, CNG costs Rs.52.30 per kg. In Karnal, CNG costs Rs 52.30 per kg and PNG Rs.29.71 per unit

Source
ET Energy World
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