PNG: Rs 6 price cut for CNG in Delhi, PNG prices lowest in country – Times of India

New Delhi: Indraprastha Gas Ltd (IGL) on Saturday reduced the prices of natural gas supplied to automobiles by about Rs 6 per kg and as cooking gas to households by Rs 5 per unit, the most in two years. For the first time, cuts were made and tariffs were brought in. lowest in the country.
From Sunday, CNG (compressed natural gas) will cost Rs 73.59 per kg in Delhi, which is about 8% lower than Rs 79.56. PNG Rs 48.59 per SCM (Standard Cubic Meter), 9% less than Rs 53.59.
Prices in Delhi’s satellite townships of Ghaziabad, Noida and Greater Noida in UP and Faridabad and Gurugram Haryana There will be some money difference due to difference in state charges.
The reduction is due to a change in the pricing formula for natural gas produced from domestic fields, which is the main input source for city gas operators. The Center on Friday indexed domestic gas prices to crude oil with a cap of $6.57 per mmBtu (million metric British thermal unit), delinking them from rates at gas stations in surplus markets such as the US, Canada and Russia.
Under the new formula, the domestic gas price capped for April is 24% lower than the fixed price till March 31. Operators such as Mahanagar Gas Limited, Adani Total Gas and Torrent Gas in Mumbai scaled down CNG and CNG as input costs fell. PNG prices across states are in the range of Rs 4-8 per unit in their service areas.
IGL slashes prices in UP, Haryana and other cities as well Rajasthan Rajasthan Where it operates city gas network.
In UP’s Kanpur, Fatehpur and Hamirpur, CNG will cost Rs 84.42 per kg and PNG will cost Rs 51.10 per unit. In AjmerPali and Rajsamand PNG will cost Rs 54.23 per unit.
In Delhi, the price of CNG has increased by 80% in the last two years, especially due to the impact of the hike in international gas prices after the Ukraine conflict. CNG prices in Delhi were increased on 15 occasions between 2021 and 2022, resulting in a total increase of Rs 36.16 per kg. CNG prices were last increased on December 17, 2022. PNG price was increased 10 times between August 7, 2021 and October 8, 2022, resulting in a total increase of Rs 24.09 per unit.