The public sector Indraprastha Gas Limited (IGL) today hiked the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) from midnight tonight in Delhi, Noida, Greater Noida and Ghaziabad due to increase in its input gas cost effected by gas suppliers as a result of reduction of input tax credit to them. A press release from IGL said the revision in prices would result in an increase of Rs 1.85 per kg in the consumer price of CNG in Delhi and Rs 2.15 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad.
The new consumer price of Rs.37.30 per kg in Delhi and Rs 42.75 per kg in Noida, Greater Noida and Ghaziabad would be effective from midnight tonight, the release said. To boost CNG refueling 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 12.30 am and 5.30 am at select outlets. Thus, the consumer price of CNG would be Rs. 35.80 per kg in Delhi and Rs 41.25 per kg in Noida, Greater Noida and Ghaziabad between 12.30 am and 5.30 am at the select CNG stations across the region.
The new consumer price of PNG to the households in Delhi is also being revised by Rs 1.05 per scm from Rs 23 per scm to Rs. 24.05 per scm with effect from December 4. 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 25.56 per scm, an increase of Rs 1.21 per scm over the existing price of Rs 24.35 per scm.
An IGL spokesperson said the increase in retail prices of CNG and PNG is to the extent of increase in its input gas cost.
“IGL has been informed about the increase in gas cost by its natural gas suppliers due to reduction in input tax credit to them in course of inter-state trade and commerce. The suppliers have passed on the entire impact of the tax variation to IGL in respect of the gas supplied to it. “However, this increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 5 paise per km, for taxi it would be 9 paise per km and in case of buses, the increase would be 53 paise per km, which translates to just around one paisa per passenger – km,” he said.
“With the revised price, CNG would still offer nearly 60% 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 31%. IGL is currently catering to over 9,50,000 CNG vehicles in the capital, which include nearly 5,50,000 private cars. IGL is augmenting its CNG refueling infrastructure to meet the rapidly growing demand as a result of increased number of vehicles switching to CNG mode,” the spokesperson added. IGL is a joint venture of the public sector GAIL (India) Ltd. and Bharat Petroleum Corporation Limited (BPCL) and the Government of the National Capital Territory of Delhi. Harrison Smith JerseyShare This