CNG, piped cooking gas price cut by up to ₹6 in Delhi
2 min read . Updated: 08 Apr 2023, 10:46 PM IST
PremiumCNG and piped cooking gas price has been cut by up to ₹6 in Delhi
In the first reduction in two years, the prices of CNG and piped cooking gas to household kitchens in Delhi have been cut by up to ₹6 on Saturday. The development comes a few days after the Central government changed the pricing formula of natural gas.
After the recent cut in prices, CNG in Delhi will now cost ₹73.59 per kg, down from ₹79.56, Indraprastha Gas Ltd (IGL) - the firm which retails CNG and piped cooking gas in the city, said in a Twitter post.
Going with the cut, Indraprastha Gas Ltd (IGL) has decreased CNG prices which will come into effect from 9 April. In Delhi, CNG will now cost ₹73.59 per kg while ₹77.20 per kg in Noida, Greater Noida & Ghaziabad, ₹82.62 per kg in Gurugram.
With the drop in prices, the rates of gas piped to household kitchens, called piped natural gas (PNG), has been cut to ₹48.59 per standard cubic metre in Delhi from ₹53.59 per scm, IGL said.
Following a staggering 80% increase in prices over the past two years, the recent reduction in CNG prices comes as a welcome relief. Between April 2021 and December 2022, CNG prices were raised on 15 occasions, resulting in a steep hike of ₹36.16 per kg or 83%.
However, with the recent change in pricing formula for natural gas, consumers are now witnessing a much-needed decrease in CNG prices.
CNG prices were last hiked on December 17, 2022.
Similarly, PNG rates have increased by 10 times between August 7, 2021, and October 8, 2022. In all prices have gone up by ₹24.09 per scm, or 81 per cent.
Rates went up as energy prices internationally climbed due to geopolitical conflicts. Prices would have risen further but for the change in the way the price of natural gas - the input raw material which is converted into CNG and PNG - was changed by the government on Thursday evening.
(With agency inputs)