Cng Prices

Mumbai faces long CNG queues for second day after major pipeline damage

CNG pumps across Mumbai and neighbouring areas witnessed long queues for the second straight day on Tuesday, as supply disruptions caused by damage to a key gas pipeline continued to hamper refuelling for vehicles. Most CNG pumps, including those operated by Mahanagar Gas Limited (MGL), saw long queues from early morningparticularly of black-yellow taxis and autorickshawswith several drivers reporting wait times of three to four hours, compared to the usual 15 to 30 minutes. As per Mahanagar Gas Limited, the disruption began on Sunday after third-party damage to GAIL's main supply pipeline inside the Rashtriya Chemicals and Fertilisers (RCF) compound hit gas flow to MGL's City Gate Station at Wadala - a key entry point for the Compressed Natural Gas (CNG) supply to the city. MGL on Monday evening said nearly 60 per cent, or 225 of the 389 CNG pumps supplying gas to the Mumbai Metropolitan Region, remained operational, and full restoration was expected by Tuesday noon. "I've been ..

CNG supply to Mumbai hit after pipeline damage; autos, taxis affected

CNG supply to the financial capital was affected on Sunday due to a damage to the main pipeline, Mahangar Gas (MGL) said. A majority of autorickshaws and taxis, including those operated by companies such as Ola and Uber, and also some of the buses run by public transport undertakings run on compressed natural gas (CNG) supplied by MGL. The gas utility, however, said it has "prioritised" supply to residences that will ensure that piped natural gas supply to homes continues. "Due to third-party damage in the main gas supply pipeline of GAIL (Gas Authority of India) inside RCF (Rashtriya Chemicals and Fertiliser) compound, the gas supply to MGL's City Gate Station (CGS) at Wadala has been affected," a company statement said. CNG stations across Mumbai, Thane and Navi Mumbai, including the dedicated CNG stations for public transport undertakings "may not operate" due to stoppage of gas supply in CGS Wadala, and, thereby, the MGL pipeline network, it added. The company did not give any

Mahanagar Gas top pick among CGDs, Gujarat Gas least preferred: Nomura

Nomura has maintained a 'Reduce' rating on Gujarat Gas Ltd (GGL), citing intense competition in the I&C space, subdued volume growth prospects, and constrained pricing power.

CNG price up by ₹1.5, cooking gas by ₹1 in Mumbai-MMR - 4th hike in 6 mths

Earlier this year, on February 1, auto and taxi fares were increased by ₹3 in MMR, with rising fuel prices being one of the key reasons

PNGRB proposes tweak in tariffs; CNG, piped gas to be charged lowest rate

In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling CNG and piped cooking gas to households at the lowest rates. The Petroleum and Natural Gas Regulatory Board (PNGRB) has floated a public consultation document for changing the zonal tariffs levied on pipelines that carry natural gas from fields producing it or from import ports, to users such as power plants that make electricity from it, or fertiliser units that manufacture urea from it, or city gas entities that turn it into CNG for sale to automobiles and pipe it to household kitchens for cooking purposes. "In yet another far-reaching reform for bringing investments and to increase the gas consumption especially in CNG and domestic piped natural gas (one used in household kitchens for cooking) in the country, PNGRB has brought a proposal for reducing the price of piped ..

India faces CNG shortage, rising prices threaten clean air efforts in Delhi

India faces a severe CNG supply shortage, pushing prices up and threatening efforts to reduce air pollution in cities like Delhi. The rise in costs may shift consumers back to petrol and diesel

India cuts back cheap gas for vehicles even as bad air chokes Delhi

New Delhi, one of world's most polluted cities, was pushed into CNG well over 2 decades ago after a Supreme Court ruling that demanded conversion of all public buses to cope with worsening air quality

CNG price hiked by Rs 2 in Mumbai and others, Delhi spared ahead of polls

CNG price in Mumbai as well as several other cities in the country has been hiked by Rs 2 per kg but users in poll-bound Delhi have been spared for the time being, according to city gas firms. Indraprastha Gas Ltd, the firm that retails CNG to automobiles and pipes natural gas to household kitchens for cooking in the national capital and adjoining cities, over the weekend raised CNG price by Rs 2 per kg. Prices were hiked in Noida, Greater Noida, Ghaziabad, Gurugram and other cities but Delhi, which goes to polls in a few weeks from now, was spared. With elections out of the way, Mahanagar Gas Ltd (MGL) - the city gas retailer in Mumbai, hiked CNG prices in Mumbai and adjoining areas by Rs 2 per kg, according to MGL website. MGL and other city gas retailers, like Adani Total Gas Ltd, had kept retail prices unchanged for the past two months despite a 20 per cent increase in input cost. And no sooner did assembly elections in Maharashtra conclude, MGL raised CNG prices Rs 2 per kg to

CNG retailers want price hike, government wants to see cost breakup

City gas companies like Indraprastha Gas Ltd and Adani Total Gas Ltd are mulling an increase in CNG prices after supplies of cheaper input gas was cut for the second time in a month, but the government officials say the retailers must give a cost breakup to justify the hike. The government, with effect from November 16, cut supplies of low-priced natural gas coming from old fields to city gas retailers by up to 20 per cent. This reduction came on the back of a 21 per cent reduction on October 16. City gas retailers IGL, which retails CNG in national capital and adjoining cities, Mahanagar Gas Ltd that does the same in Mumbai, and Adani Total Gas Ltd which operates in Gujarat and elsewhere, in regulatory filings flagged profitability concerns due to supply cut and hinted at price hike. Officials in the ministry of petroleum and natural gas however are unimpressed as they feel the retailers operate on "hefty" margins and can easily absorb the additional cost they may have to incur on

CNG price may go up Rs 4-6 on supply cut, excise duty reduction to ease

The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers -- a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. Natural gas pumped from below the ground and from under the seabed from sites ranging from the Arabian Sea to Bay of Bengal within India is the raw material that is turned into CNG for sale to automobiles and piped cooking gas to households. Production from legacy fields, whose price is regulated by the government and which are used to feed city gas retailers, has been falling by up to 5 per cent annually due to natural decline that has set in. This has led to supply cuts to city gas retailers, four sources in know of the matter said. While the input gas for piped cooking gas that households get is protected, the government has cut supply of raw material for CNG. Gas from legacy fields used to meet 90 per cent of the dema

Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut

Mahanagar Gas and Indraprastha Gas may raise prices of compressed natural gas by up to Rs 6 per litre. Meanwhile, their shares plunged by up to 14 per cent in intraday trading on the BSE on Friday

Reliance gas price hiked to $10.16, CNG, piped cooking gas rates unchanged

The government on Monday raised the price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries, marginally to USD 10.16 per million British thermal unit in line with international trends, an official notification said. However, the price of gas that is used for making CNG for fuelling automobiles or piping to household kitchens for cooking purposes will remain unchanged due to a price cap that is set at 30 per cent less than market rates such as that paid to Reliance. For the six-month period starting October 1, the price of gas from deep sea and high-pressure, high-temperature (HPTP) areas has been raised to USD 10.16 per mmBtu from USD 9.87 per mmBtu during April-September, oil ministry's Petroleum Planning and Analysis Cell (PPAC) said in a notification. The increase follows three straight bi-annual reductions in rates for difficult fields. Price was for six months beginning October 1, 2023, slashed 18 per cent to USD 9.96 per mmBtu from U

Maruti Suzuki Swift CNG launched in India, Check features, engine, and more

The new Swift CNG has been launched in India with a starting price of Rs 8.19 lakh. The carmaker discontinued diesel models and aims to sell over six lakhs in FY 2024-25

Bajaj Auto receives 6,000 orders for its newly-launched CNG motorbike

Bajaj Freedom, a sports motorcycle with a 124 cubic capacity engine, was launched earlier this month with a starting price of Rs 95,000

Can Bajaj's CNG bike Freedom 125 revolutionise the two-wheeler market?

Can Bajaj's CNG bike disrupt the 12 million units a year motorcycle market?

CNG, piped cooking gas price hiked in Mumbai on rise in input costs

After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs. Mahanagar Gas Ltd, which retails CNG to automobiles and piped natural gas to households for cooking purposes in Mumbai and surrounding cities, said the increased prices will come into effect from the intervening night of July 8 and 9. "To meet the increasing volume of CNG and domestic piped natural gas (PNG) segments and due to further shortfall in domestic gas allocation, MGL is sourcing additional market priced natural gas (imported LNG) which has resulted in higher gas cost," the firm said in a statement. To "partially offset the increase in gas cost", MGL has increased the delivered price of CNG by Rs 1.50 per kg and domestic PNG by Re 1 per standard cubic meter in and around Mumbai. Accordingly, the revised delivered prices inclusive of all taxes of CNG will be Rs 75 per kg and domestic PNG price will be Rs 48 per scm in and around .

Bajaj Auto strikes 'Tiger Zinda Hai' note as first CNG bike hits the road

Bajaj Auto launches world's first CNG-powered bike Freedom 125 at Rs 95k

CNG price in national capital, adjoining cities hiked by Re 1 per kg

CNG price in the national capital and adjoining cities was on Saturday hiked by Re 1/kg on the back of reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website. Other city gas suppliers have not changed the prices yet.

The green journey: Cleaner fuels driving one-fifth of PVs sold in India

Auto original equipment manufacturers (OEMs) have focused on launching CNG variants of their popular models to meet consumer demand for vehicles with lower running costs

IGL Q4 result: Net profit up 16% at Rs 382 cr, turnover dips to Rs 3,949 cr

Indraprastha Gas Ltd, India's largest CNG retailer, on Tuesday reported a 16 per cent rise in March quarter net profit as it sold more gas. The net profit of Rs 382.80 crore in the latest January-March quarter was compared to Rs 329.75 crore profit registered a year ago, the company said in a statement. For the full 2023-24 fiscal (April 2023 to March 2024), net profit soared 21 per cent to Rs 1,748.08 crore as against Rs 1,445.02 crore in the previous year. Turnover slipped marginally to Rs 3,949.17 crore in January-March from Rs 4,042.57 crore in the corresponding quarter of 2022-23. The gross turnover during the financial year 2023-24 was Rs 15,403.13 crore as compared to Rs 15,543.67 crore in the preceding financial year 2022-23 primarily due to cooling off of international gas prices despite increase in sales volume. "The sales volume in the quarter increased from 8.25 million standard cubic metres per day in Q4 of 2022-23 to 8.73 mmscmd in Q4 of FY'24, showing a volume growt