GAIL Gas Limited & Confidence Petroleum sign an Agreement for setting up CNG Stations in Bengaluru

Sarkaritel
By Sarkaritel March 25, 2021 20:58

GAIL Gas Limited & Confidence Petroleum sign an Agreement for setting up CNG Stations in Bengaluru


New Delhi, March 25, 2021: In a major fillip to the development of clean fuel ecosystem in Bengaluru, GAIL Gas Limited, and Confidence Petroleum India Limited (CPIL) have signed an agreement today in New Delhi for setting up 100 CNG Stations in Bengaluru to strengthen CNG network in Bengaluru.

Shri Vivek Wathodkar, Chief General Manager & Officer in Charge GAIL Gas Limited Bengaluru signed the agreement on behalf of GAIL Gas Limited while Shri Nitin Khara, Chairman & Managing Director CPIL inked the agreement on behalf of CPIL. Shri E.S. Ranganathan, Director (Marketing) GAIL (India) Limited, Shri M.V. Ravi Someswarudu, Chief Executive Officer, GAIL Gas Limited were also present at the occasion along with other officials of GAIL, GAIL Gas and CPIL.

As part of the agreement, CPIL will set up & operate 100 CNG Stations & associated facilities of GAIL Gas Limited in Bengaluru. The Dealership Agreement is for setting up 100 CNG stations in next 3 years’ time span. The new CNG stations will be located in core areas of city or at CPIL’s auto LPG retail outlet sites.

To optimise uptake of CNG and improve accessibility of CNG fuel for Bengalureans, GAIL Gas has been adpting various models of CNG dispensing in the city. GAIL Gas has extended its network through Company Owned Company Operated CNG Station model and CNG Stations at Retail outlets of Oil Marketing Companies. With this agreement, GAIL Gas will increase CNG Stations in the city on Dealership model.

In the current scenario, CNG presents an affordable and environment friendly alternative. The present price of CNG in Bengaluru is Rs. 51.50 per kg. Currently GAIL Gas has installed 55 CNG Stations in the city. Addition of another 100 CNG Stations through this Agreement will develop a strong and convenient network of availability of CNG in the Bengaluru urban and rural district and CNG Sale is expected to increase considerably.

Sarkaritel
By Sarkaritel March 25, 2021 20:58