CNG Price In Delhi Increased By 80 Paise Per Kg, Sixth Hike In One Month
In total, CNG rates have gone up by about Rs 4 per kg in the past one month
New Delhi: CNG price in Delhi was hiked by 80 paise per kg on Friday on the back of the government raising input natural gas prices to record levels.
According to the Indraprastha Gas Ltd's (IGL's) website, the company, which retails CNG and piped cooking gas in the national capital, the CNG rate in the National Capital Territory (NCT) of Delhi has been increased to Rs 60.81 per kg from Rs 60.01.
The hike comes on the back of a surge in gas prices globally.
According to the PTI, this is the sixth time in the past one month that CNG prices has been increased. In total, rates have gone up by about Rs 4 per kg.
IGL sources natural gas from domestic fields as well as buys imported LNG.
LNG in the spot or current market touched record highs in recent months, and on Thursday the government raised the price of gas produced from local fields to a record $6.10 per million British thermal unit from $2.9. This has pushed costs for IGL, necessitating the price hikes, quoting sources, the PTI said.
Prices have gone up by about Rs 8.50 per kg this year alone. The company has, however, not changed the price of natural gas piped to household kitchens for cooking.
The increase in CNG prices follows Rs 6.40 per litre hike in petrol and diesel prices in less than two weeks and a Rs 50 per cylinder raise in the cooking gas LPG rates.
In Noida, Greater Noida, and Ghaziabad, CNG will cost Rs 63.38 per kg, while in Gurugram the price is Rs 69.17 per kg. Rates may vary from city to city depending on the incidence of local taxes such as the VAT.
A record 137-day hiatus in petrol and diesel price revision ended on March 22. On the same day, the price of a 14.2-kg LPG cylinder was increased to Rs 949.50 in the national capital. In some places, the LPG price has touched Rs 1,000.
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