Indraprastha Gas Limited (IGL) on Monday announced the revision of Compressed Natural Gas (CNG) prices in Delhi, Noida, Greater Noida and Ghaziabad on its input costs by midnight.
The revision in CNG prices would result in an increase of Rs 1.36 per kg in the consumer price of CNG in Delhi and Rs 1.55 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 41.97 per kg in Delhi and Rs 48.60 per kg in Noida, Greater Noida & Ghaziabad would be effective from May 29.
In the statement it is said that the increase was warranted “to offset the impact on its input costs as a result of recent appreciation of dollar vis-a-vis rupee and revision in proportions of domestic gas allocation,” the statement said.
IGL said that it will continue the discounts of Rs 1.50 per kg on selling price of CNG for filling between 12.30 am to 5.30 pm at selected outlets. Thus, the consumer price of CNG would be Rs. 40.47 per kg in Delhi and Rs. 47.10 per kg in Noida, Greater Noida and Ghaziabad during 12.30 am to 5.30 am at the select CNG stations across the region.
The company said that after the last CNG price revision the dollar value has been increased in compared to the rupees, as per the revised domestic gas allocation for supply in the form of CNG, the proportion of expensive Panna Mukta Tapi gas has increased, which has increased input costs.
IGL said the increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would be 4 paise per km, for taxi it would be 7 paise per km and in case of buses, the increase would be nearly 40 paise per km.
“With the revised price, CNG would still offer over 60 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 nearly 40 per cent,” the statement added.