IGL ANNOUNCES REVISION IN CNG AND PNG PRICES FROM TONIGHT

Sarkaritel
By Sarkaritel September 1, 2018 20:18

IGL ANNOUNCES REVISION IN CNG AND PNG PRICES FROM TONIGHT


New Delhi, 1st September 2018: Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi, today 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 to offset the impact on its input costs primarily as a result of recent appreciation of dollar vis-à-vis Rupee.

This revision in prices would result in an increase of 63 paise per kg in the consumer price of CNG in Delhi and 70 paise per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 42.60 per kg in Delhi and Rs 49.30 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of 1st/2nd September. The price of CNG being supplied in Rewari is being increased by 63 paise per kg from Rs 51.62 per kg to Rs 52.25 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. 41.10 per kg in Delhi and Rs 47.80 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 Rs 1.11 per scm from Rs 27.14 per scm to Rs. 28.25 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 30.10 per scm, which has been increased by Rs 1.26 per scm from existing Rs 28.84 per scm. In Rewari, the applicable price of domestic PNG would now be Rs 29.90 per scm, which has been increased by Rs 1.12 per scm. IGL is supplying PNG to over 6.4 lakh households in Delhi and over 3 lakh households in Noida, Greater Noida, Ghaziabad and Rewari.

There has been a steep appreciation of the dollar as compared to rupee since the last price revision. The base price of natural gas being procured by IGL from all its sources is dollar linked thereby making the entire input price totally dependent on price of dollar vis-à-vis rupee. The increase in various operational expenses since the last price revision have also been taken into account while effecting this price hike.

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 3 paisa per km and in case of buses, the increase would be just 18 paise per km.

With the revised price, CNG would still offer over 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 nearly 40%.

Sarkaritel
By Sarkaritel September 1, 2018 20:18