GAIL Gas, MGL Cut CNG, PNG Prices After Pricing Formula Revision

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GAIL Gas, MGL Cut CNG, PNG Prices After Pricing Formula Revision


Last Updated: April 09, 2023, 13:40 IST

CNG worth has been minimize by Rs 7 per kg in Karnataka and by Rs 6 in different areas.

GAIL’s new efficient home PNG costs are Rs 52.50 per scm in Dewas, Meerut, Sonipat, Taj Trapezium Zone, Raisen, Mirzapur, Dhanbad, Adityapur and Rourkela, and Rs 51.50 per SCM for Bengaluru and Dakshin Kannada

GAIL Gas Ltd, town fuel arm of the nation’s largest fuel agency GAIL (India) Ltd, on Sunday introduced a discount of as much as Rs 7 within the costs of CNG and piped cooking fuel following a discount in enter fuel worth.

GAIL Gas minimize the value of the fuel that households obtained by piped pure fuel, or PNG, by Rs 7 per normal cubic metre in Bengaluru and Dakshin Kannada and by Rs 6 per scm in different cities the place the corporate operates.

Similarly, CNG worth has been minimize by Rs 7 per kg in Karnataka and by Rs 6 in different areas, the corporate stated in a press release.

“GAIL Gas Limited can also be steering its pricing mechanism according to the Government of India’s guideline to move on new home fuel pricing advantages to its clients and has introduced a considerable discount in costs with impact from April 9, 2023,” it stated.

The new effective domestic PNG prices are Rs 52.50 per scm in Dewas, Meerut, Sonipat, Taj Trapezium Zone, Raisen, Mirzapur, Dhanbad, Adityapur and Rourkela, and Rs 51.50 per SCM for Bengaluru and Dakshin Kannada.

Similarly, the new CNG price is Rs 85 per kg for Meerut and Sonipat; Rs 92 per kg for Dewas, Taj Trapezium Zone & Dehradun; Rs.82.50 per kg for Bengaluru & Dakshin Kannada; Rs 87 per kg for Mirzapur, Rs 91 per kg for Raisen, Dhanbad, Adityapur, Puri and Rourkela.

This follows the government revising the formula for the pricing of natural gas, which is converted into CNG for running automobiles and piped into household kitchens for cooking purposes. The revised formula and the cap or ceiling price imposed has brought down the price of natural gas to USD 6.5 per million British thermal units from USD 8.57.

“The new guidelines aim to establish a stable pricing regime for domestic gas consumers while providing sufficient protection to producers from adverse market fluctuations, along with incentives to user industries and the CGD sector. It will accelerate the expansion of CNG and PNG as a preferred fuel, and will also contribute to reducing the carbon footprint,” the assertion stated.

Meanwhile, Mahanagar Gas Ltd additionally minimize the CNG costs by Rs 8/kg to Rs 79/kg and PNG by Rs 5/scm to Rs 49/scm, with impact from midnight April 7, 2023.

“MGL is happy to announce the discount in costs w.e.f. midnight seventh April 2023. The revised fee for CNG is Rs 79/Kg and PNG Rs 49/SCM in Mumbai and adjoining municipalities,” MGL stated in a tweet.

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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)



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