IGL announces cut in rates of CNG and PNG
NEW DELHI: Indraprastha Gas Limited (IGL), on Thursdays announced a major cut in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), consequent upon notification of Government of India reducing the prices of domestically produced natural gas.
This revision in price would result in a decrease of Rs 3.20 per kg in the consumer prices of CNG in Delhi and Rs 3.60 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 42.0 per kg in Delhi and Rs 47.75 per kg in Noida, Greater Noida and Ghaziabad would be effective from 6.00 am on April 3. The revised CNG price in Muzaffarnagar would be Rs 56.65 per kg, in Karnal would be Rs 49.85 per kg and in Rewari and Gurugram would be Rs 54.15 per kg.
The consumer price of PNG to the households in Delhi has been decreased by Rs 1.55 per scm from Rs 30.10 per scm to Rs. 28.55 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 28.45 per scm, which has been decreased by Rs 1.65 per scm from Rs 30.10 per scm. In Rewari, the applicable price of domestic PNG would now be Rs 28.60 per scm, which has been decreased by Rs 1.55 per scm. IGL is supplying PNG to over 9 lakh households in Delhi and over 4.5 lakh households in Noida, Greater Noida, Ghaziabad and Rewari.
The revision in retail prices of CNG and PNG have been effected after taking into account the overall impact on the cost as a result of the reduction in prices of domestically produced natural gas notified by the government.
In order to promote cashless transactions and push CNG refueling during offpeak hours, a special cash back scheme of Re 0.50 per kg is also offered for CNG fueling done only at IGL CNG Stations through IGL Smart Cards between 11 am to 4 pm and 12 am to 6 am.
With the revised price, CNG would offer over 56 percent savings towards the running cost when compared to petrol driven vehicles at the current level of prices. When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be over 32 percent.