(ET)
The rates of compressed natural gas (CNG) likely to rise by about Rs 1.25 per kg and domestic piped gas by about 70-80 paise per standard cubic meters (SCM) in Delhi following a 10% rise in domestic natural gas price in the sixmonthly revision on Monday, according to people familiar with the matter. Other cities too will see similar price increases.
Indraprastha Gas Ltd (IGL), the city gas distributor in Delhi and its satellite cities, is expected to shortly announce new prices. The rate for Noida in Uttar Pradesh will be slightly less due to lower taxes. Mahanagar Gas, Gail Gas and other city gas distributors too are in the process of raising rates in their respective license areas. Higher prices mean costlier drive for CNG vehicle owners and increased kitchen fuel bills.
