Moneycontrol
Jun 27, 2011 05:36 PM IST | Source: PTI

GSPC, Adani gas hike prices of CNG

State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) today hiked the price of compressed natural gas (CNG) by Rs 3.25 per kg, impacting industry and households in the state.

 
 
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State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) today hiked the price of compressed natural gas (CNG) by Rs 3.25 per kg, impacting industry and households in the state.


"The hike of Rs 3.25 per kg in CNG prices comes into effect from today. CNG shall now be available at Rs 40.25 per kg at our 110 gas stations across Gujarat," a GSPC official told PTI.


Earlier in May, the state PSU had raised prices of CNG from Rs 34.45 per kg to Rs 37 per kg, citing non-allocation of gas by the Centre from KG-D6 reserves as the reason for hike.


In the past one year, CNG prices in Gujarat have risen by over 35%, industry sources said.


Another city gas distributor (CGD), Adani Gas, that has operations in Ahmedabad and Vadodara, has also raised the prices of natural gas.


"Adani gas has hiked the price of CNG by Rs 2.50 per kg taking the price of natural to Rs 40.50 per kg. The hike comes into effect from today," a top company official said.


The company operates with a network of 54 CNG stations, 47 in Ahmedabad and seven in Vadodara, he said.

GSPC is amongst the seven city gas distributors along with Gujarat Gas Company, Adani Gas Limited, Charotar Gas Sahkari Mandli, Sabarmati Gas, Vadodara Municipal Corporation, HPCL (has CNG stations only), operating in Gujarat.

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