CNG price cut: The costs of Compressed Natural Gas (CNG) and cooking fuel piped to family kitchens in the nationwide capital at the moment (April 8) have been cut by as much as Rs 6- the primary discount in two years- after the federal government modified the pricing method of pure fuel.
CNG in the nationwide capital territory of Delhi will now value Rs 73.59 per kg, down from Rs 79.56, Indraprastha Gas Ltd (IGL) – the agency which retails CNG and piped cooking fuel in the city, stated in a Twitter submit.
Simultaneously, the rates of fuel piped to family kitchens, known as piped pure fuel (PNG), has been cut to Rs 48.59 per customary cubic metre in Delhi from Rs 53.59 per scm, in line with IGL.
The discount follows an over 80 per cent enhance in costs in two years. CNG costs have been hiked on 15 events between April 2021 and December 2022. Since April 2021, CNG costs have elevated by Rs 36.
16 per kg, or 83 per cent, in line with knowledge.
CNG costs have been final hiked on December 17, 2022.
PNG rates:
Similarly, PNG rates have elevated by 10 instances between August 7, 2021, and October 8, 2022. In all costs have gone up by Rs 24.09 per scm, or 81 per cent. Rates went up as power costs internationally climbed as a result of geopolitical conflicts. Prices would have risen additional however for the change in the best way the price of pure fuel – the enter uncooked materials which is transformed into CNG and PNG – was modified by the federal government on Thursday night.
So as a substitute of utilizing rates in 4 worldwide fuel hubs, the regionally produced gas is now benchmarked to the price of imported crude oil topic to a cap of USD 6.5 per million British thermal unit.
The pricing method kicked in from Saturday with the oil ministry saying a fuel price of USD 7.92 per mmBtu for the rest of the month. But as a result of cap, the fuel will value solely USD 6.5 to city fuel retailers like IGL. This USD 6.5 per mmBtu cap price in contrast with USD 8.57 rates prevalent beforehand.
In the Twitter submit, IGL stated the retail costs charged by it for CNG and PNG in the nationwide capital “are one of the lowest in the country.”
“The revised retail price of PNG in Delhi would be Rs 48.59 per scm wef 9th April 2023,” it stated. “The revised retail price of PNG in Noida, Greater Noida & Ghaziabad would be Rs 48.46 per scm wef 9th April 2023.” The revised retail price of PNG in Gurugram, Rewari, Karnal & Kaithal could be Rs.47.40 per scm.
Similarly, the revised retail price of CNG in Delhi could be Rs 73.59 per kg, Rs 77.20 in Noida, Greater Noida and Ghaziabad and Rs 82.62 per kg in Gurugram.
(With companies inputs)
