Vadodara Gas Ltd (VGL), a joint venture company formed by the Vadodara Municipal Corporation and GAIL Gas Ltd, has reduced piped natural gas (PNG) prices for domestic use and compressed natural gas (CNG) for automobiles.
VGL will now provide PNG to domestic users at a rate of Rs 22.90 per cubic meter against the previous rate of Rs 23.50 per cubic meter. The new prices have become effective from October 1. The price of CNG has been revised to Rs 42.50 per kg against Rs 44 per kg earlier. The new CNG prices came into effect from Tuesday.
VGL took the decision following an intimation from the Petroleum Planning and Analysis Cell (PPAC) of the union ministry of petroleum and natural gas. The PPAC had on September 30 informed VMC regarding a reduction in the basic price of natural gas provided under the administrative price mechanism. VGL officials said that there was a reduction of around 15 per cent in the basic price.
Earlier, the prices had been reduced in the month of April this year. VGL caters to around 79,000 domestic gas consumers and around 40,000 vehicle owners in the city. Derek Roy Authentic JerseyShare This