City gas distributor Indraprastha Gas Ltd (IGL) has cut prices of automobile fuel Compressed Natural Gas (CNG) and household Piped Natural Gas (PNG) in Delhi-National Capital Region (NCR). The third price cut in less than a year follows the centre’s latest move to reduce domestic natural gas prices 20 per cent to $2.50 per unit for six months effective 1 October.
The revision in prices would result in a decrease of Rs 1.40 per kg in the consumer price of CNG in Delhi and Rs 1.60 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 35.45 per kg in Delhi and Rs 40.60 per kg in Noida, Greater Noida & Ghaziabad would be effective from tonight. The price of CNG in Delhi remains the lowest in the entire country.
“With the objective to boost CNG refuelling during non-peak hours, IGL will continue to offer a discount of Rs 1.50 per kg in the selling prices of CNG for filling between 12 am to 5 am at select outlets. Thus, the consumer price of CNG would be Rs.33.95 per kg in Delhi and Rs 39.10 per kg in Noida, Greater Noida & Ghaziabad during 12 am to 5 am at the select CNG stations across the region,” the gas supplier said in a statement today.
The company has also reduced domestic PNG prices from tomorrow. The consumer price of PNG to Delhi households is being reduced by Re 1 per standard cubic meter (scm) from Rs 24 per scm to Rs 23 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 24.35 per scm. It is being reduced by Rs 1.15 per scm from the existing Rs 25.50 per scm.
IGL — a joint venture of GAIL (India) Ltd, Bharat Ptroleum Corp (BPCL) and the Delhi Government — currently supplies PNG to nearly 480,000 households in Delhi and over 190,000 households in Noida, Greater Noida and Ghaziabad. “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 reduction in prices of domestically produced natural gas notified by the government,” the company said.
It also claimed that with the revised price, CNG would offer over 60 per cent 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 per cent, it said.
IGL currently caters to over 850,000 CNG vehicles in the capital, which include nearly 550,000 private cars. The company is also augmenting its CNG refuelling infrastructure to meet the rapidly growing demand as a result of increased number of vehicles switching to CNG mode. Dale Hawerchuk Authentic JerseyShare This