Indraprastha gas hikes CNG, PNG prices by ₹3/unit

Indraprastha gas hikes CNG, PNG prices by ₹3/unit
ET Bureau
Rate Story
Share
Font Size
Save
Comment
Synopsis

This is the first price hike since May by IGL, which is facing an acute increase in input cost. The price of domestic natural gas, which IGL receives for further distribution to households and CNG vehicle drivers, increased 40% to $8.57 per mmBtu in the six-monthly revision from October 1.

Agencies
Indraprastha Gas (IGL) has increased compressed natural gas (CNG) and piped natural gas (PNG) prices in Delhi and adjoining areas by ₹3 per unit.

CNG now costs ₹78.61 per kg in Delhi and ₹81.17 per kg in Noida, Greater Noida and Ghaziabad. PNG, used for cooking, costs ₹53.59 per standard cubic metre in Delhi and ₹53.46 per standard cubic metre in Noida, Greater Noida and Ghaziabad.

This is the first price hike since May by IGL, which is facing an acute increase in input cost. The price of domestic natural gas, which IGL receives for further distribution to households and CNG vehicle drivers, increased 40% to $8.57 per mmBtu in the six-monthly revision from October 1.

To fully pass on this cost, IGL will need to raise CNG prices by another ₹ 10-12 per kg.

Other city gas distributors too have increased CNG prices this month in their respective licensed areas to partly offset the increase in input cost.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more

ETPrime stories of the day

14 mins read
12 mins read
8 mins read
Read before you invest. Insights on Indraprastha Gas Ltd.. Explore Now