GAIL slashes CNG prices by Rs 2.5/kg

GAIL & GAIL gas cut CNG prices for cleaner transportation

GAIL (India) Limited and its subsidiary GAIL Gas Limited have announced a of Rs. 2.50/kg price reduction in Compressed Natural Gas (CNG) prices across 20 key locations in India where they operate on March 9.

The price cut aims to make CNG more accessible and affordable for consumers, promoting the use of cleaner fuel options and sustainable transportation practices.

This move aligns with GAIL's commitment to providing environmentally friendly fuel solutions at competitive prices, supporting national efforts to combat pollution and reduce carbon emissions. The decision comes at a time when the automotive industry is witnessing increased production and adoption of CNG vehicles by leading manufacturers like Suzuki Motors, Tata, Hyundai, and Mahindra.

Also Read | GAIL, ONGC and Shell Energy India sign MoU to explore ethane imports’ opportunities

GAIL's goal with this price reduction is to encourage the transition to cleaner transportation options for a sustainable future.

Goutam Chakraborty, CEO of GAIL Gas & ED(CGD) at GAIL (I) Limited, emphasized the company's dedication to promoting clean and affordable energy solutions. The reduced CNG prices not only offer cost savings for consumers but also contribute to a healthier environment.

In addition to GAIL, other CGDs (City Gas Distribution companies) have also cut CNG prices recently.

State-run Mahanagar Gas (MGL) reduced prices by Rs 2.50/kg to Rs 73.50/kg on March 5, citing a decrease in gas input costs. Similarly, on March 7, IGL lowered CNG prices by Rs 2.5/kg in Delhi and the National Capital Region (NCR). These price cuts aim to make CNG more economical for consumers while reflecting changes in input costs.

Also Read | GAIL eyeing LNG at competitive rates to keep prices affordable for customers