IGL Announces Revision In CNG And PNG Prices

IGL  Announces Revision In CNG And PNG Prices

Team EnergyInfraPost
Consequent upon recent notification of Govt. of India increasing the prices of domestically produced natural gas, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi on Monday announced revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida, Ghaziabad and Rewari from tonight.

This revision in prices would result in an increase of 95 paise per kg in the consumer price of CNG in Delhi and Rs 1.26 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad.

The new consumer price of Rs. 39.71 per kg in Delhi and Rs 49.20 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of 2nd/3rd October 2017. The price of CNG being supplied in Rewari as a part of trial run is being increased by Re 1 per kg from Rs 49.67 per kg to Rs 50.67 per kg
IGL will continue to offer a discount of Rs 1.50 per kg in 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. 38.21 per kg in Delhi and Rs 47.70 per kg in Noida, Greater Noida & Ghaziabad during 12.30 am to 5.30 am at the select CNG stations across the region.

IGL has also announced increase in its domestic PNG prices from tomorrow. The consumer price of PNG to the households in Delhi has been increased by 80 paise per scm from Rs 25.19 per scm to Rs. 25.99 per scm.

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Due to differential tax structure in the state of Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.64 per scm, which has been increased by 91 paise per scm from existing Rs 26.73 per scm.

In Rewari, the applicable price of domestic PNG would be Rs 27.63 per scm. IGL is supplying PNG to nearly 5.5 lakh households in Delhi and nearly 2.5 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.

However, this increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would be 2 paisa per km, for taxi it would be 5 paisa per km and in case of buses, the increase would be 27 paise per km.

With the revised price, CNG would still offer over 59% 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 revised price would be over 32%.

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