CNG Price Hiked by Rs 1.70 Per kg in Delhi; New Rate Effective From Midnight Tonight

The increase in the CNG price comes in the wake of a 10 per cent surge in the price of domestic natural gas that was announced by the government on Friday, September 29.

New Delhi: The price of CNG was hiked by Rs 1.70 per kg in Delhi on Sunday. The new consumer price will come into effect from midnight tonight, Indraprastha Gas Limited (IGL) informed. The increase in the CNG price comes in the wake of a 10 per cent surge in the price of domestic natural gas that was announced by the government on Friday, September 29.

While, the CNG price has been hiked by Rs 1.95 per kg in Noida, Greater Noida and Ghaziabad, it has been increased by Rs 1.80 per kg in Rewari.

With the price hike, the new consumer price of CNG in Delhi will be Rs 44.30 per kg and Rs 51.25 per kg in Noida, Greater Noida and Ghaziabad. The price of CNG in Rewari will be Rs 54.05 per kg.

The upsurge in the price of CNG comes amid the steep rise in the fuel price across the country. On Sunday, the petrol and diesel prices continued the upward trend and entered new record height. The petrol price was hiked by 0.09 paisa in Delhi, Kolkata and Mumbai and by 0.10 paisa in Chennai.

After the revision, petrol is being sold at Rs 83.49 per litre in Delhi and diesel costs Rs 74.79 per litre. A litre of petrol now costs Rs 90. 84 in Mumbai and diesel is being priced at Rs 79.40. While in Chennai petrol price is Rs 86.80 and diesel is Rs 79.08. Petrol now costs Rs 85. 30 per litre and diesel Rs 76.64 per litre in Kolkata.

Price paid to most of the domestic producers of natural gas has been hiked to USD 3.36 per million British thermal unit (mmBtu) from October 1, from the current USD 3.06, according to Oil Ministry’s Petroleum Planning and Analysis Cell.

Natural gas prices are set every six months based on average rates in gas-surplus nations like the US, Russia and Canada.

India imports half of its gas which costs more than double the domestic rate.

The USD 3.36 per mmBtu rate would be for six months beginning October 1 and will be the highest from October 2015 to March 2016 when USD 3.82 per mmBtu price was paid to domestic producers.

(Inputs from Agencies)