co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
To bridge this shortfall, MGL is exploring options to source gas through domestically produced new well gas from ONGC and benchmark-linked long-term gas contracts, aiming to maintain price stability while continuing to supply gas to its customers, according to the filing.
City gas distributors have increased prices of compressed natural gas and piped natural gas in their respective geographical areas by at least Re 1 per kilogram on account of rising input costs.
In the past year, IGL stock has fallen over 4 percent, underperforming the benchmark Nifty which gained 26 percent during the period
The revised retail price of CNG will be Rs 76/kg and that of domestic PNG Rs 47/SCM effective from midnight of October 1
The state-run company blamed the 40 per cent increase in input prices by the government from October 1 for the steep increase in the retail prices along with the supply cut.
Since October last year, when local and international gas prices began to rise, city gas distributors have also raised prices on a regular basis.
President of 'Sarvodaya Drivers Welfare Association’ Ravi Rathor said that the government should either slash CNG prices or revise fares.
With this price revision, the rate of CNG is now Rs 66/kg while piped gas now costs Rs 39.50/SCM
Citing increase in input tax, the city's sole gas supplier Mahanagar Gas (MGL) has hiked CNG and domestic PNG prices by Rs 0.85/kg and Rs 0.50 per SCM respectively from tonight.
CNG price in national capital was hiked by 25 paise per kg, Indraprastha Gas Ltd (IGL) announced.
Compressed Natural Gas, or CNG, will cost Rs 35.20 per kg from tomorrow as against the current rate of Rs 50.10 per kg. Rates of piped natural gas (PNG) that households use for cooking, was cut by Rs 5 per standard cubic meters (scm) per day.
CNG sold to automobiles in Delhi will cost Rs 41.90 per kg from midnight as compared to Rs 39.90 currently. The rates of CNG in neighbouring Noida, Greater Noida and Ghaziabad have been hiked by Rs 2.25 to Rs 47.35 per kg.
CNG price in the national capital and adjoining towns was hiked today by a steep Rs 2.90 per kg, the third increase this year.
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.
