CNG, PNG prices to be revised

Consequent upon a recent notification from the government increasing the prices of domestically produced natural gas, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., Bharat Petroleum Corporation Limited (BPCL) and government of National Capital Territory (NCT) of Delhi, on Sunday announced a revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG).

This revision in prices would result in an increase of 90 paise per kg in the consumer price of CNG in Delhi and Re 1 per kg in Noida, Greater Noida and Ghaziabad.

The new consumer price of Rs 40.61 per kg in Delhi and Rs 47.05 per kg in Noida, Greater Noida and Ghaziabad would be effective from Sunday night.

The price of CNG being supplied in Rewari is being increased by 95 paise per kg from Rs 50.67 per kg to Rs 51.62 per kg.

However, IGL will continue to offer a discount of Rs 1.50 per kg at the selling prices of CNG for filling between 12.30 am to 5.30 am at select outlets.

Thus, the consumer price of CNG would be Rs. 39.11 per kg in Delhi and Rs 45.55 per kg in Noida, Greater Noida and Ghaziabad during 12.30 am to 5.30 am at the select CNG stations across the region.

IGL has also announced an increase in its domestic PNG prices.

The consumer price of PNG to the households in Delhi has been increased by Rs 1.15 per scm from Rs 25.99 per scm to Rs. 27.14 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 28.84 per scm, which has been increased by Rs 1.20 per scm from existing Rs 27.64 per scm.

In Rewari, the applicable price of domestic PNG would now be Rs 28.78 per scm, which has been increased by Rs 1.15 per scm.

The IGL is supplying PNG to nearly six lakh households in Delhi and over 2.7 lakh households in Noida, Greater Noida, Ghaziabad and Rewari.

The revision in retail prices of CNG and domestic PNG has been effected after taking into account the overall impact on the cost, as a result of the increase in prices of domestically produced natural gas notified by the government and increase in various operational expenses since the last price revision.

However, this increase would have a marginal impact on the per km running cost of vehicles.

For autos, the increase would be 2 paise per km, for taxi it would be 4 paise per km and in case of buses, the increase would be 26 paise per km.

With the revised price, CNG would still offer over 60 percent savings towards the running cost when compared to petrol driven vehicles at the current level of prices.

When compared to diesel driven vehicles, the economics in favour of CNG at the revised price would be over 37 percent.