Page 4 - Cng Prices

ONGC, Oil India to gain most from gas price hike; IGL worst hit: Analysts

Analysts at Antique stock Broking said every $1/mmbtu rise in gas prices is expected to lift ONGC, and Oil India's standalone Ebitda by 4 per cent, and 7 per cent, respectively

CNG price shoots up by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM

City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and around the megapolis from Monday midnight. Accordingly, the revised retail price of CNG will be Rs 86/kg and domestic PNG will be Rs 52.50/SCM, MGL said in a statement on Monday evening. The state-run company blamed the 40 per cent increase in input prices by the government from October 1 for the steep increase in the retail prices along with the supply cut. The oil ministry's petroleum pricing & analysis cell on September 30 announced new prices for the next six months from October 1, wherein domestically produced gas prices were increased by a steep 40 per cent. In April 1, the same had been increased by a much higher 110 per cent, citing rising international prices. The government revises gas prices twice annuallyfrom April 1 to September 30 and from October 1 to March 31. So, the price for October 1 to March ..

Automakers decrease production of CNG vehicles as natural gas prices rise

CNG automakers have reduced their production targets to 500,000-550,000 vehicles for FY23. At the beginning of the current financial year, this target was 700,000-750,000

Prices of natural gas likely to increase to record level this week

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. The government-dictated price for natural gas produced in the country is to be revised on October 1. After factoring in the spike in energy prices witnessed in recent months, the rate paid for gas produced from old fields such as of state-owned Oil and Natural Gas Corporation (ONGC) is likely to rise to USD 9 per million British thermal units from current USD 6.1. Simultaneously, difficult fields like the ones in Reliance Industries Ltd and its partner bp plc operated D6 block in KG basin, are likely to get around USD 12 mmBtu compared to the current rate of USD 9.92, two sources aware of the matter said. These are the highest rates for administered/regulated fields (like ONGC's Bassein field off the Mumbai coast) and free-market areas (such as the KG basin). Also, this w

Mumbai taxi and auto drivers to go on an indefinite strike from Sep 15

Over 200,000 autorickshaw drivers and 48,000 taxi drivers are expected to join the indefinite strike

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

OPEC+ cuts oil output, gas prices soar: What's next for investors?

OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India

MGL net falls 9% to Rs 185.20 cr on higher gas cost, revenue up two-folds

MGL said total gas sales jumped nearly 44 per cent to 313.75 million cubic meters with CNG sales soaring 64 per cent. EBITDA fell 6 per cent to Rs 285.55 crore in April-June.

MGL hikes CNG price by Rs 6/kg, PNG by Rs 4 a unit with immediate effect

The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.

Pune auto fares to increase by Rs 2 from Aug 1 due to rising CNG prices

Autorickshaws will charge Rs 23 for the first 1.5 km instead of Rs 21, and Rs 15 for every subsequent kilometer instead of the prevailing rate of Rs 14, an RTA official said.

CNG, PNG get more expensive in Mumbai as MGL hikes prices: Check new rates

MGL has increased the retail price of CNG by Rs 4/kg to Rs 80 and that of domestic PNG by Rs 3/SCM (standard cubic metre) to Rs 48.50, in and around Mumbai.

TMS Ep178: India at Davos, CNG price rise, markets, Dornier 228 aircraft

What challenges India may face at Davos? Can CNG vehicle owners also expect price relief? Distressing times await metals and OMCs? Can Dornier 228 meet India's connectivity targets? All answers here

SIAM seeks reduction in CNG prices, import duty cut on raw materials

SIAM sought a reduction in CNG prices and import duties on certain raw materials for steel and plastic products while welcoming the government's decision to lower the petrol and diesel prices.

CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months

The price of CNG in the national capital on Saturday was hiked by Rs 2 per kg, the 13th increase in rates in just over two months.

CNG rates increased for second time in 6 days, price up by Rs 2 in Delhi

The Indraprastha Gas Limited (IGL), on Saturday, increased the price of Compressed Natural Gas (CNG) by Rs 2 per kg. With this CNG will cost Rs 75.61 per kg with effect from today.

CNG price hiked by Rs 2 per kg in Delhi, 12th increase in two months

The price of CNG in the national capital has been hiked by Rs 2 per kg, the 12th increase in rates in just over two months.

CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today

With the latest hike, CNG is now priced at Rs 73.61 per kg in Delhi, Rs 76.17 per kg in Noida, and Rs 81.94 in Gurugram

Mumbai utility hikes CNG price by Rs 4 per kg; spares domestic gas users

Citing a steep hike of 110 per cent in the cost of natural gas supplies, city gas distributor MGL increased the retail price of automobile fuel CNG by Rs 4 per kg

Covid-19 pandemic & Russia-Ukraine war: Black swans in India's gas economy

The war in Ukraine is upending the Modi government's efforts to make the creation of natural gas infrastructure and access a critical component of its economic programme

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg