IGL ANNOUNCES REVISION IN CNG PRICES FROM TONIGHT

Sarkaritel
By Sarkaritel May 28, 2018 20:41


New Delhi, 28th May 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 and Ghaziabad from midnight to offset the impact on its input costs as a result of recent appreciation of dollar vis-à-vis Rupee and revision in proportions of domestic gas allocation.

This revision in prices would result in an increase of Rs 1.36 per kg in the consumer price of CNG in Delhi and Rs 1.55 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 41.97 per kg in Delhi and Rs 48.60 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of 28th/29th May 2018.

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. 40.47 per kg in Delhi and Rs 47.10 per kg in Noida, Greater Noida & Ghaziabad during 12.30 am to 5.30 am at the select CNG stations across the region.

There has been a steep appreciation of the dollar as compared to rupee since the last CNG price revision. The base price of natural gas being procured by IGL from its sources is dollar linked thereby making the entire input price totally dependent on price of dollar vis-à-vis rupee. In addition, as per the revised domestic gas allocation for supply as CNG, the proportion of costlier PMT gas has been increased, which has added to the input cost of gas.

However, this increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would be 4 paisa per km, for taxi it would be 7 paisa per km and in case of buses, the increase would be nearly 40 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 May 28, 2018 20:41