CNG price slashed by Rs. 1.4, PNG by Re.1 in Delhi

New Delhi [India], Oct. 3 (ANI): Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and the Government of NCT of Delhi, announced reduction in the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad from tonight. This is the third time in the last one year that prices have been reduced by the agency. This revision in prices would result in a decrease of Rs 1.4 per kg in the consumer price of CNG in Delhi and Re. 1.6 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 35.45 per kg in Delhi and Rs 40.6 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of October 2. The price of CNG in Delhi remains lowest in the entire country. With the objective to boost CNG refuelling during non-peak hours, IGL will continue to offer a discount of Rs 1.5 per kg between 12 am to 5 am at select outlets across the region. Thus, the price of CNG would be Rs.33.95 per kg in Delhi and Rs 39.1 per kg in Noida, Greater Noida and Ghaziabad during the prescribed time. IGL has also announced reduction in its domestic PNG prices from tomorrow. The consumer price of PNG to the households in Delhi is being reduced by Re. 1 per scm from Rs 24 per scm to Rs. 23 per scm. Due to differential tax structure in the state of Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 24.35 per scm, is being reduced by Rs 1.15 per scm from existing Rs 25.5 per scm. The revision in retail prices of CNG and domestic PNG has been effected after taking into account the overall impact on the cost as a result of the reduction in prices of domestically produced natural gas notified by the government. IGL is currently catering to over 8,50,000 CNG vehicles in the capital, which include nearly 5,50,000 private cars. IGL is augmenting its CNG refueling infrastructure to meet the rapidly growing demand as a result of increased number of vehicles switching to CNG mode IGL is supplying PNG to nearly 4.8 lakh households in Delhi and over 1.9 lakh households in Noida, Greater Noida and Ghaziabad. With the revised price, CNG would offer over 60 percent savings towards the running cost when compared to petrol driven vehicles at the current level of prices. When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be over 32%.(ANI)