Business

CNG price in Delhi hiked by 50 paise, third since April


Bangladeshpost
Published : 01 Sep 2019 08:36 PM | Updated : 31 Aug 2020 09:37 AM

CNG price in Delhi and its suburbs was on Sunday hiked for the third time since April due to rise in input cost following appreciation of US dollar against the rupee.

“This revision in prices would result in an increase of Rs 0.50 per kg in the consumer prices of CNG in Delhi, Rewari, Gurugram and Karnal, and Rs 0.55 per kg in Noida, Greater Noida and Ghaziabad,” Indraprastha Gas Ltd (IGL), the city gas operator in the national capital region, said in a statement, agency reportsw.

The new consumer price will be Rs 47.10 per kg in Delhi and Rs 53.50 per kg in Noida, Greater Noida and Ghaziabad.

The price of CNG sold to automobiles in Gurugram and Rewari would be Rs 58.95 per kg and in Karnal it would be Rs 55.95, IGL said.

This is the third increase in rates since April and the eighth since April 2018.

Rates were last revised upwards by 90 paise per kg in July. Prior to that, CNG price was hiked in April by Re 1 per kg because of a rise in the price of domestic natural gas and fall in rupee’s value against the dollar.

In all, rates have gone up by Rs 7.39 per kg since April 2018.

IGL, however, did not raise the price of piped natural gas (PNG) it supplies to households in these cities for cooking purposes.

Rates of CNG and PNG vary in different cities due to the incidence of local taxes.