CNG prices reduced in Delhi-NCR
After the central government approved a new method in order to fix the rates of natural gas, Indraprastha Gas Limited (IGL), which operates CNG in the region from today i.e. on Sunday.
It is a great relief for the Delhi-NCR customers, as from today onwards they have to pay up to Rs 73.59 per Kg of CNG in the national capital. Whereas, it will cost approx Rs 77.20 per Kg in Noida, Greater Noida and Ghaziabad.
However, in Guragram the CNG rates will be costlier to Rs 82.62 from Sunday.
Earlier, on December 17 last year, the IGL increased the prices of the CNG in Delhi and its NCR. The price of CNG in Delhi raised to Rs 79.56 per kg, while it was around Rs 82.12 per kg in Noida, Greater Noida and Ghaziabad.
Oil Minister on CNG, PNG rates
Speaking to the media, the oil secretary, Pankaj Jain said this development will make the piped natural gas (PNG) cheaper by 10 per cent and lower the cost of compressed natural gas (CNG) by 6 per cent to 9 per cent.
In continuation to various initiatives taken under the leadership of PM Sh @narendramodi Ji to protect the interest of consumers by reducing the impact of increase in international gas prices on gas prices in India #UnionCabinet approves revised domestic gas pricing guidelines! pic.twitter.com/nKX44eiW46
— Hardeep Singh Puri (@HardeepSPuri) April 6, 2023
Moreover, the central government will issue a notification today to announce this new development and the decision will come into action from Saturday onwards.
While referring to India’s crude purchase and how much of it would be linked with fixing the price of natural gas, the government said, “The price of such natural gas shall be 10 per cent of the monthly average of Indian Crude Basket and shall be notified on a monthly basis.”
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In a statement released via the Press Information Bureau, the country aims to increase the shares of natural gas in the primary energy mix from the current 6.5 per cent to 15 per cent by 2030. The reforms will help expand the consumption of natural gas and will contribute to the achievement of the target of emission reduction and net zero.
Taking to Twitter, the oil minister, Hardeep Puri said that the move will protect the interest of consumers.
“In continuation to various initiatives taken under the leadership of Prime Minister Narendra Modi to protect the interest of consumers by reducing the impact of the increase in international gas prices on gas prices in India, the Union Cabinet approves revised domestic gas pricing guidelines,” he wrote on Twitter.
