The worth of CNG within the nationwide capital on Saturday was hiked by Rs 2 per kg, the thirteenth enhance in charges in simply over two months. CNG within the nationwide capital territory of Delhi now prices Rs 75.61 per kg, up from Rs 73.61 per kg, in accordance with the data posted on the web site of Indraprastha Gas Ltd (IGL) — the agency which retails CNG and piped cooking gasoline within the nationwide capital and adjoining cities. This is the thirteenth enhance in worth since March 7.
In all, the CNG worth has risen by Rs 19.60 per kg throughout this era. In the final one yr, costs have elevated by Rs 32.21 per kg or 60 per cent, in accordance with knowledge compiled by PTI. However, the charges of gasoline piped to family kitchens, referred to as piped pure gasoline (PNG), stay unchanged at Rs 45.86 per scm.
City gasoline distributors have been periodically elevating costs since October final yr, when home in addition to worldwide gasoline costs began to climb as economies around the globe recovered from the pandemic-induced slowdown. IGL Managing Director Sanjay Kumar stated the costs are prone to stay elevated within the close to future because of excessive worldwide costs of pure gasoline.
CNG costs rose by Rs 8.74 per kg within the final three months of 2021, and from January there was a gradual enhance of about 50 paise a kg virtually each week.
The charges have gone up after the federal government greater than doubled the worth of pure gasoline produced domestically to USD 6.1 per million British thermal unit from April 1. With domestically produced gasoline not enough to satisfy metropolis gasoline demand, imported gas (LNG) is getting used. LNG within the spot or present market prices USD 18-20 per mmBtu
Natural gasoline when compressed turns into CNG to be used as gas in vehicles. The similar gasoline is piped to family kitchens and industries for cooking and different functions. Mahanagar Gas Limited (MGL) has priced Compressed Natural Gas (CNG) at Rs 76 per kg in Mumbai. Prices range from metropolis to metropolis relying on the incidence of native taxes equivalent to VAT.
The enhance in CNG costs follows a Rs 10 per litre hike in petrol and diesel costs in 16 days and a Rs 103.50 per cylinder enhance within the cooking gasoline LPG charges.
Source: www.financialexpress.com”