IGL hikes CNG prices

Indraprastha Gas Limited (IGL) has 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 due to recent weakening of rupee vis-à-vis dollar.

There will be an  increase of Rs 3.70 per kg in the consumer price of CNG in Delhi and Rs 4.20 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 45.60 per kg in Delhi and Rs 51.55 per kg in Noida, Greater Noida and Ghaziabad would be effective from Saturday midnight.

The new consumer price of PNG to the households in Delhi is also being revised from Rs 24.50 per scm to Rs. 27.50 per scm upto consumption of 30 scm in two months with effect from 8 September 2013. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs 47.50 per scm.
Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 29 per scm upto consumption of 30 scm in two months, which has been increased from existing Rs 26 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs 49.70 per scm. 

Explaining the compulsions leading to the revision in the prices, the official spokesperson of IGL said, ‘The recent steep appreciation of the dollar vis-à-vis rupee in the last one month has resulted in major increase in our input cost of gas, which has necessitated the increase in retail prices of CNG and PNG’.
However, this increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 11 paisa per km, for taxi it would be 18 paisa per km and in case of buses, the increase would be Rs 1.05 per km, which translates to nearly two paisa per passenger - km.