CNG-PNG prices: Adani Total Gas Ltd (ATGL) has determined to slash the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) from at this time (April 8). As per a press launch, the value of CNG has been diminished by up to Rs 8.13/kg and the value of PNG by up to Rs 5.06/scm.
ATGL additionally hailed the central authorities’s landmark determination to hyperlink the Administered Price Mechanism (APM) Price for fuel provide to CNG automobiles and residential households to 10% of the Indian crude basket with a ground value of $4 and a ceiling of $6.5 per MMBTU.
“In line with our policy to prioritize our end consumers, ATGL has decided to pass through the benefit of the New Gas Pricing guidelines announced by the Government of India to the large numbers of Home PNG and CNG consumers, thus enhancing the affordability of PNG and CNG with a saving of over 40% for CNG consumers as compared to Petrol prices and around 15% for Home PNG consumers as compared to LPG prices,” the press assertion learn.
Revised prices efficient from midnight
“Effective midnight tonight (Saturday), ATGL is pleased to announce reduction in the price of CNG up to Rs 8.13 per kg and the price of PNG up to Rs 5.06 per scm. The reduction of gas prices in CNG and PNG in our various Geographical Areas (GA’s) across the country is provided in the attached Table,” added the assertion.
ATGL believes that this landmark determination of reforming Gas Prices by the Government of India shall act as a development catalyst to improve the footprint of Home PNG and CNG automobiles in a fast method to guarantee a rise within the share of pure fuel from 6.5 per cent to 15 per cent in India’s power basket by 2030 according to the imaginative and prescient of Government of India.
Price discount to deliver much-needed aid
The substantial discount within the CNG and PNG prices is anticipated to deliver much-needed aid to the big quantity of customers of each CNG and PNG within the nation and in ATGL GA’s. Further ATGL assertion learn, “Besides reduction in the prices of CNG and PNG as a result of the new Gas Price Guidelines, ATGL is also pleased to announce a reduction in PNG prices for our Industrial and Commercial Consumers by Rs 3.0 per scm its geographical areas (GAs).”
It must be talked about here that ATGL is one of the most important CGD personal listed CGD Company presently supplying CNG and PNG to ~7 lakh home, ~4,000 industrial, ~ 2,000 industrial prospects and over three lakh CNG customers throughout our 460 CNG stations in India.
(With ANI inputs)
