OIL & GAS

Record high fuel prices: Auto LPG 40 per cent cheaper alternative: IAC

Consumers looking for alternative fuels amid rising petrol and diesel prices can go for Auto LPG which is almost 40 per cent cheaper, IAC said on Tuesday. Consumers can easily convert their vehicles to Auto LPG by installing conversion kits and stand to save significant amounts on fuel bills, said Indian Auto-LPG Coalition (IAC) – the apex body representing Auto LPG suppliers in India.

IAC sought a reduction in GST of 28 per cent on Auto LPG/CNG conversion kits to make them more affordable to consumers.

“As petrol and diesel reach record high prices, the market is ripe for economical alternative transport fuels such as Auto LPG that can help consumers save fuel costs without compromising on vehicle performance,” IAC said in a statement.

IAC said Auto LPG which is one of the cleanest and most economical gaseous fuels can emerge as a prominent alternative choice if supported by the right messaging and policy action.

Petrol prices have in recent weeks been unprecedentedly hovering close to the Rs 100 mark in many places. On the other hand, Auto LPG is priced at almost half of both the mainstream automotive fuels.

“In terms of running costs, it has consistently been at least 40 per cent cheaper than petrol,” it said.

Source
ET Energy World
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