(FE)
After petrol and diesel, CNG prices were revised on Monday. Indraprastha Gas Limited revised the CNG prices for Delhi and a few parts of NCR. IGL has hiked an additional Rs 1.36 per kg in Delhi while Rs 1.55 per kg in Noida, Greater Noida and Ghaziabad. After the hiked price, the new prices are Rs 41.97 per kg in Delhi and Rs 48.60 per kg in Noida, Greater Noida and Ghaziabad. The increase was “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 it will continue to offer a discount of Rs 1.50 per kg in the selling prices of CNG for filling between 12.30 am to 5.30 am at select 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. Meanwhile, the price of piped cooking gas has not been revised.
“There has been a steep appreciation of the dollar as compared to rupee since the last CNG price revision. The base price of natural gas being procured by IGL from its sources is dollar linked thereby making the entire input price totally dependent on price of dollar vis-a-vis rupee,” it said.