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GSPC hikes CNG prices by Rs 2 per kg

CNG to cost Rs 62.15 per kg in Gujarat against Rs 60.15 a kg earlier

BS Reporter  |  Mumbai/ Ahmedabad 

Auto gas has become costlier in Gujarat as the state-owned gas distribution player, GSPC Gas Company has hiked the compressed natural gas (CNG) prices by Rs 2 per kg with effect from Wednesday.

CNG to cost Rs 62.15 per kg in Gujarat against Rs 60.15 a kg earlier, the company official stated. The company officials attributed the gas price hike to high cost of imported LNG due to weakening of rupee.

Last revision in the CNG prices was made on April 19, 2013. The company is also contemplating an increase in the piped natural gas (PNG), for its different categories of consumers. PNG costs in the range of Rs 21.50 to Rs 40 per standard cubic meter (scm) in Guajrat.

GSPC had earlier stated that in spite of several representations made by the State Government and repeated requests by GSPC Gas Company Ltd to the Centre, there has been no allocation of cheaper domestic gas by the Central Government. This led the company to depend entirely on imported natural gas.

First Published: Tue, June 18 2013. 20:57 IST