The price of CNG and kitchen gas in the national capital has increased to Rs 3 each step today due to the increase in input natural gas prices.
The Rs 3/kg increase in CNG prices was the first increase in more than 4 months, while the Rs 3/standard cubic meter increase for tubular natural gas (PNG) was the first increase in two months.
CNG in the capital Delhi is currently priced at Rs 78.61/kg, up from Rs 75.61/kg, according to information posted on the website of Indraprastha Gas Ltd (IGL), a retailer of CNG and cooking gas in India. national capital and adjacent cities.
This is the 14th price hike since March 7th. The last time the price increased by Rs 2/kg on May 21. In total, the CNG price has increased by Rs 22.60/kg during this period. Since April 2021, the price of CNG has increased by Rs 35.21/kg or 80%, according to data compiled by PTI.
At the same time, the price of gas leading to home kitchens, known as pipeline natural gas (PNG), has increased to Rs 53.59 per standard cubic meter in Delhi from Rs 50.59 per barrel, according to IGL .
This is the 10th PNG price increase since August 2021. Overall, the price has increased by Rs 29.93/scm, or almost 91%.
IGL said CNG and PNG rates have also been increased in Noida, Greater Noida, Ghaziabad and Gurugram as well as other cities where it operates such as Kanpur in Uttar Pradesh and Ajmer in Rajasthan.
The price hike comes after the government raised the price of natural gas by 40% to a record $8.57 per million British thermal units from October 1.
Natural gas, which is extracted from below the earth’s surface, is converted into compressed natural gas (CNG) for driving cars and directed to home kitchens for cooking. It is also used to generate electricity and produce fertilizers.
Mahanagar Gas Ltd (MGL) – the municipal gas operator in Mumbai and surrounding areas – earlier this week announced CNG prices increased by Rs 6/kg to Rs 86/kg and PNG prices increased by Rs 4/bar 52.50 Rs / barrel .
Analysts predict that CNG prices will likely increase by Rs 8-12/kg and PNG prices by more than Rs 6, but in installments, due to increased input natural gas prices. The price of natural gas has increased almost 5 times in just one year – from 1.79 USD/mmBtu until September 2021 to 8.57 USD today.
For every USD/mm Btu increase in gas price, municipal gas distributors (CGD) need to increase CNG price by Rs 4.7-4.9/kg.
Prices vary from city to city depending on local taxes such as VAT.
(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)