Indraprastha Gas Ltd (IGL) announced an over 25 per cent increase in the prices of compressed natural gas (CNG).The steep hike follows the Manmohan Singh Government’s decision to raise natural gas prices from Rs.3.2 per cubic meter to Rs.7.5 per cubic meter.Effective from Wednesday midnight, CNG rates go up by Rs.5.60 per kg. IGL, however, has decided not to increase the price of piped natural gas being supplied to homes for cooking purposes.
IGL might go in for an increase in piped gas if the Government hikes LPG cooking gas prices. Effective from Wednesday midnight, the Capital’s citizens will have to shell out more for use of public transport now.The new CNG price in the Capital will be Rs.27.50 per kg against Rs.21.90 so far, while in neighbouring townships of Uttar Pradesh it will be Rs.30.60 per kg.
“We are constrained to increase the retail selling price of CNG in Delhi, Noida, Greater Noida and Ghaziabad due to the increase in the input price of gas procured by IGL along with its corresponding taxes and duties,” said IGL Director (Commercial) Manmohan Singh. The increase in CNG prices will marginally impact the per km running cost for vehicles, he added.
Source: The Hindu