Adani Gas hikes CNG, PNG prices in A'bad, Vadodara

CNG prices increased from Rs 60.15 per kg to Rs 63.8 per kg with effect from April 19

Adani Gas Limited (AGL) on Thursday announced that it would increase compressed natural gas (CNG) retail prices in Ahmedabad and Vadodara from Rs 60.15 per kg to Rs 63.8 per kg with effect from Friday, April 19.

The price for domestic users will also stand revised from Rs 31 per cubic meter to Rs 34 per cubic meter with effect from May 1, 2013.

'The price rise is due to the upward revision in imported LNG Price,' the company said in a statement here. In a judgement dated July 25, 2012, the Gujarat High Court has directed the central government to provide "Domestic Administered Price Mechanism (APM)" Gas to Ahmedabad.

The government of India (GoI) has however challenged the Gujarat High Court directive in the Supreme Court where the matter is subjudice.

Adani Gas claimed that it has to depend on expensive R-LNG supplies from Petronet LNG Ltd, which imports gas, to fulfill the growing demand by the CNG users.

Adani Gas Limited currently supplies gas to over 181,000 domestic, 700 industrial and 1250 commercial customers in Ahmedabad.

It also supplies CNG to 200,000 vehicles through 55 CNG stations in Ahmedabad and Vadodara.