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CNG, piped LPG prices hiked by Rs 3 – 10th hike from August 2021

The prices of CNG and LPG in domestic kitchens in the national capital were hiked today

New Delhi:

The prices of piped CNG and LPG in domestic kitchens in the national capital were hiked by Rs 3 each today along with an increase in the prices of input natural gas.

The hike in the price of CNG by Rs 3 per kg is the first hike in rates in four months, while the hike of Rs 3 per standard cubic meter in piped natural gas (PNG) was the first increase in two months.

According to information posted on the website of Indraprastha Gas Limited (IGL), the price of CNG in the National Capital Territory of Delhi is now Rs 78.61 per kg, which retails CNG and piped cooking gas. National Capital and surrounding cities.

This is the 14th increase in prices since March 7. The last time the prices were increased by Rs 2 per kg was on May 21. Overall, the price of CNG has increased by Rs 22.60 per kg during this period. According to data compiled by PTI, since April 2021, CNG prices have increased by Rs 35.21 per kg, or 80 per cent.

Along with this, according to IGL, the rate of a gas called piped natural gas (PNG) in domestic kitchen has been increased from Rs 50.59 per SCM in Delhi to Rs 53.59 per standard cubic meter.

This is the 10th increase in PNG rates since August 2021. All the prices have increased by Rs 29.93 per SCM or about 91 per cent.

IGL said that the rates of CNG and PNG have also been increased in other cities like Noida, Greater Noida, Ghaziabad and Gurugram as well as Kanpur in Uttar Pradesh and Ajmer in Rajasthan.

The price hike comes after the government raised natural gas prices to a record $8.57 per million British thermal unit from October 1.

Natural gas, which is extracted from beneath the earth’s surface, is converted into compressed natural gas (CNG) to power automobiles and is piped into home kitchens for cooking. It is also used to generate electricity and make fertilizer.

Mahanagar Gas Limited (MGL) – the city gas operator in Mumbai and surrounding areas – earlier this week announced a hike in the price of CNG by Rs 6 per kg to Rs 86 per kg and PNG by Rs 4 per scm. 52.50 per SCM with an increase of Rs. ,

Analysts expect a hike in CNG prices by Rs 8-12 per kg and PNG rates by over Rs 6 per kg to make up for the rise in input natural gas prices, but in instalments. Natural gas prices have risen almost 5 times in just one year – from USD 1.79 per mmBtu now to USD 8.57 as of September 2021.

For every USD per mmBtu gas price increase, city gas distribution (CGD) entities need to increase the price of CNG by Rs 4.7-4.9 per kg.

Prices vary from city to city depending on the incidence of local taxes such as VAT.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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