CNG price raised by up to Rs 1.90/kg in Delhi, adjoining areas
PrintListen to this Article
CNG price in the national capital and adjoining towns has been increased by up to Rs 1.90 per kg, as costlier LNG was being imported to make up for fall in output from Reliance Industries gas field.
Compressed natural gas in Delhi will cost Rs 1.70 per kg more at Rs 35.45 per kg with effect from midnight tonight, Indraprastha Gas Ltd, the sole retailer of CNG and piped natural gas in national capital, said in a press statement here today.
IGL hiked price of CNG sold to automobiles in Noida, Greater Noida and Ghaziabad by Rs 1.90 per kg to Rs 39.80 per kg.
This is the sixth increase in CNG rates this year. IGL had last raised CNG prices in Delhi by Rs 1.75 per kg to Rs 33.75 per kg from December 31.
The hike had been necessitated because IGL is buying more of imported liquefied natural gas (LNG) after supplies from RIL's KG-D6 gas fields dried up. Imported fuel costs at least three times more than USD 4.20 per million British thermal unit rate fixed for domestic gas.
City gas distributors like IGL are not getting any supplies from KG-D6 since September last year, after a 40 per cent output drop forced the government to cut supplies to non-priority sectors so that requirement of power and fertiliser plants can be fully met.
Explaining the compulsions leading to the revision in the price of CNG, IGL Managing Director M Ravindran said, "We are constrained to revise the retail price of CNG due to increase in the overall input cost of natural gas being sourced by us as a result of increased dependence on imported spot R-LNG."
He added that the proportion of costly imported LNG vis-a-vis domestic gas in the overall pool of natural gas being procured for supply as CNG has risen to around 25 per cent.
With the demand for CNG increasing rapidly in the region, "IGL is left with no other alternative but to source costly LNG (from the spot market) at well over three times the cost of domestic gas," he said.
Ravindran said the increase would have minor impact on the per km running cost of vehicles. "For autos, the increase would be 5 paisa per km, for taxi it would be 9 paisa per km and in case of buses, the increase would be 48 paisa per km, which translates to less than one paisa per passenger - km." (PTI)
Category : General | Comments : 0 | Hits : 221
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Organisation (EPFO) said the decision to remove Aadhaar was taken following a directive from the Unique Identification Authority of India (UIDAI). As per the circular, Aadhaar is also being removed from the list of documents for correction in date of birth.
A five-day-long Special Parliament Session will be held from Monday. A Parliamentary Bulletin said, that on the first day a discussion on the Parliamentary Journey of 75 years starting from Samvidhan Sabha - Achievements, Experiences, Memories, and Learnings will be held in Lok Sabha. The Government has listed Bill on the appointment of the Chief Election Commissioner, and other election commissioners in the upcoming Parliament Session. Apart from this The Advocates (Amendment) Bill, Th...
Artificial intelligence can substitute neither the human intelligence nor the humane element in the adjudicatory process, the Delhi high court has held and said ChatGPT can't be the basis of adjudication of legal or factual issues in a court of law. Justice Prathiba M Singh stated that the accuracy and reliability of AI generated data is still in the grey area and at best, such a tool can be utilised for a preliminary understanding or for preliminary research. The court's observati...
Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee. CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. Now Get 2 Email ID's with Your Own Websi...
The Delhi High Court Monday sought the Centre’s stand in a plea against a notification where chartered accountants, company secretaries and cost accountants have been included among “reporting entities” under the Prevention of Money Laundering Act (PMLA) A division bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula granted time to Additional Solicitor General Chetan Sharma, who appeared for the Centre, to “seek instructions” and listed the ma...
Comments