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Indraprastha Gas increases CNG prices by Rs 2 per kg

31 Dec 2011

Indraprastha Gas (IGL) has increased prices of compressed natural gas (CNG) for automobiles by Rs 2.00 per kg from December 31, 2011 on the back of depreciating rupee and non-availability of cheaper domestic gas after sharp fall in gas output from Reliance Industries-operated D6 block.

The vehicle owners in Delhi will pay an additional Rs 1.75 per kg for CNG, while consumers of Noida, Greater Noida and Ghaziabad would have to pay Rs 2 per kg. CNG rates were raised three months ago by Rs 2 per unit.

However, the company has secured the household consumers using piped natural gas (PNG) but a price hike for kitchens is looming due to continued import of costly regassified-liquefied natural gas (R-LNG). Imported gas is over four times costlier than the D6 gas which is sold at $4.20 per unit. IGL had raised PNG rates in September 1, 2011 from Rs 18.95 per unit to Rs 22 per unit.

IGL is the exclusive distributor of Compressed Natural Gas (CNG) and Piped Natural gas (PNG) in the NCT region with CNG constituting 82% of the company’s total sales volume.

Related Indraprastha Gas Ltd. Links:

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539.00 8.15 (1.54%) Jun 15, 18:01
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GAIL India 163.10
Petronet LNG 233.15
Indraprastha Gas 539.00
Linde India 1582.40
Confidence Petroleum 62.40
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