CNG price in the national capital was on Friday cut by Rs 0.60 per kg and piped cooking gas by Rs 0.65 per standard cubic meters following a 20 per cent slashing in natural gas rates.
Consequent upon notification of government reducing the prices of domestically produced natural gas, Indraprastha Gas Ltd announced revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad with effect from midnight tonight.
IGL said CNG price in Delhi has been cut by Rs 0.60 per kg and by Rs 0.70 per kg in Noida, Greater Noida and Ghaziabad.
"The new consumer price of Rs 36.60 per kg in Delhi and Rs 41.90 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of 1st/2nd April 2016," IGL said in a statement. "The price of CNG in Delhi remains lowest in the entire country."
With the objective to boost CNG refueling during non-peak hours, IGL will continue to offer a discount of Rs 1.50 per kg in the selling prices of CNG for filling between 12 am to 5 am at select outlets.
The consumer price of CNG would be Rs 35.10 per kg in Delhi and Rs 40.40 per kg in Noida, Greater Noida & Ghaziabad during 12 am to 5 am at 230 CNG stations across the region.
IGL has also announced reduction in its domestic PNG prices from tomorrow. The consumer price of PNG to the households in Delhi has been reduced by Rs 0.65 per standard cubic meter from Rs 24.65 to Rs 24 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 25.50 per scm, which has been reduced by Rs 0.65 per scm from existing Rs 26.15 per scm. IGL is supplying PNG to over 6,30,000 households in the region.
The government had yesterday cut natural gas price by 20 per cent to USD 3.06 per million British thermal unit.
IGL said that 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 yesterday.
With the revised price, CNG would offer over 55 per cent 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 24 per cent.
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.