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CNG price hiked by 80 paise, total hike at Rs 4 in last one month

CNG price in the nationwide capital on Friday was hiked by 80 paise per kg on the again of the federal government elevating enter pure gasoline costs to file ranges.
CNG price in the National Capital Territory (NCT) of Delhi has been elevated to Rs 60.81 per kg from Rs 60.01, in line with info posted on the web site of Indraprastha Gas Ltd (IGL) — the agency which retails CNG and piped cooking gasoline in the nationwide capital.

This is the sixth enhance in CNG costs in the last month. In all, charges have gone up by about Rs 4 per kg.
The enhance comes on the again of a surge in gasoline costs globally.

IGL sources pure gasoline from home fields in addition to buys imported LNG. LNG in the spot or present market touched file highs in latest months and on Thursday the federal government raised the price of gasoline produced from native fields to a file USD 6.10 per million British thermal unit from USD 2.9.
This has pushed prices for IGL, necessitating the price hikes, business sources stated.
Prices have gone up by about Rs 8.50 per kg this year alone.

The company has, nevertheless, not modified the price of pure gasoline piped to family kitchens for cooking.
The enhance in CNG costs follows Rs 6.40 per litre hike in petrol and diesel costs in lower than two weeks and a Rs 50 per cylinder increase in the cooking gasoline LPG charges.

In Noida, Greater Noida and Ghaziabad, CNG will price Rs 63.38 per kg, whereas in Gurugram the price is Rs 69.17 per kg.
Prices range from metropolis to metropolis relying on the incidence of native taxes equivalent to VAT.

A file 137-day hiatus in petrol and diesel price revision ended on March 22. On the identical day, the price of a 14.2-kg LPG cylinder was elevated to Rs 949.50 in the nationwide capital. In some locations, the LPG price has touched Rs 1,000.

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