NEW DELHI: Indraprastha Gas Ltd (IGL) raised CNG (compressed natural gas) prices via just about four% on Monday to offset the impact of falling rupee and higher enter prices in a transfer this is bound to recommended public transport operators to demand upper fares.
The sole supplier of natural gas as car and kitchen fuel in the NCR, on the other hand, left the cost of PNG (piped natural gas) unchanged.
From Tuesday, CNG price will upward thrust via Rs 1.36 in keeping with kg to Rs 41.97 in Delhi. In Noida, Greater Noida and Ghaziabad, the price will upward thrust via Rs 1.55 in keeping with kg to Rs 48.60 in keeping with kg because of upper taxes levied via the UP executive.
IGL mentioned the rise will have “a marginal impact” on the per-km operating value of vehicles. For vehicles, the rise will probably be four paise in keeping with km, for taxis it's going to be 7 paise in keeping with km and in case of buses, the rise will probably be just about 40 paise in keeping with km — which is negligible on the subject of per-passenger fare.
Even after the newest revision, CNG will still offer greater than 60% saving in opposition to petrol on the current prices. When in comparison to diesel, CNG will probably be just about 40% less expensive.
This is the second one increase in CNG price since April 1 in Delhi when IGL had larger price via 90 paise in keeping with kg after the Centre raised price of gas from home fields via 6% for the April-September period consistent with the brand new pricing components.
Since that revision, the rupee depreciated sharply, even though it regained some floor in the ultimate two trading days. This raised IGL’s gas acquire value since prices are denominated in greenback. Besides, the proportion of more expensive gas from PMT (Panna-Mukta and Tapti) fields in IGL’s basket has long gone up because of the revised allocation of gas from home fields for CNG provider. The share of PMT gas, which is 66% more expensive than supplies from fields of state-run ONGC and so forth, has long gone as much as about 28% from 19-21% in IGL’s gas buying groceries checklist.
IGL will continue to provide a cut price of Rs 1.50 in keeping with kg in the selling price of CNG for filling between 12.30 am and 5.30 am at make a choice retailers.
The sole supplier of natural gas as car and kitchen fuel in the NCR, on the other hand, left the cost of PNG (piped natural gas) unchanged.
From Tuesday, CNG price will upward thrust via Rs 1.36 in keeping with kg to Rs 41.97 in Delhi. In Noida, Greater Noida and Ghaziabad, the price will upward thrust via Rs 1.55 in keeping with kg to Rs 48.60 in keeping with kg because of upper taxes levied via the UP executive.
IGL mentioned the rise will have “a marginal impact” on the per-km operating value of vehicles. For vehicles, the rise will probably be four paise in keeping with km, for taxis it's going to be 7 paise in keeping with km and in case of buses, the rise will probably be just about 40 paise in keeping with km — which is negligible on the subject of per-passenger fare.
Even after the newest revision, CNG will still offer greater than 60% saving in opposition to petrol on the current prices. When in comparison to diesel, CNG will probably be just about 40% less expensive.
This is the second one increase in CNG price since April 1 in Delhi when IGL had larger price via 90 paise in keeping with kg after the Centre raised price of gas from home fields via 6% for the April-September period consistent with the brand new pricing components.
Since that revision, the rupee depreciated sharply, even though it regained some floor in the ultimate two trading days. This raised IGL’s gas acquire value since prices are denominated in greenback. Besides, the proportion of more expensive gas from PMT (Panna-Mukta and Tapti) fields in IGL’s basket has long gone up because of the revised allocation of gas from home fields for CNG provider. The share of PMT gas, which is 66% more expensive than supplies from fields of state-run ONGC and so forth, has long gone as much as about 28% from 19-21% in IGL’s gas buying groceries checklist.
IGL will continue to provide a cut price of Rs 1.50 in keeping with kg in the selling price of CNG for filling between 12.30 am and 5.30 am at make a choice retailers.
Delhi-NCR: CNG price up 2nd time in two months
![Delhi-NCR: CNG price up 2nd time in two months]()
Reviewed by Kailash
on
May 29, 2018
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