New Delhi, April 1: Indraprastha Gas Limited (IGL), Bharat Petroleum Corporation Limited (BPCL) and government of National Capital Territory (NCT) of Delhi, on Sunday announced a revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). Also Read - CNG Price to be Cut by Rs 2 From Midnight in Mumbai Ahead of Maharashtra Assembly Polls
As tweeted by a news agency ANI, consumer price of domestic PNG in Delhi has been increased by Rs 1.15 per scm from Rs 25.99 per scm to Rs. 27.14 per scm, while the applicable price of domestic PNG in Noida, Greater Noida and Ghaziabad would be Rs 28.84 per scm, which has been increased by Rs 1.20 per scm. Also Read - CNG Price in Delhi Rises by 90 Paise, Seventh Increase Since April 2018
The revised prices will be implemented from midnight today, April 1. Recently, the central government has released a notification reading that there will be an increase in the prices of domestically produced natural gas.
In Times of India report, this will be the highest price for domestic gas since it was pegged at $3.82 for the six months ended March 2016 and raise the cost of urea production. The latest revision will raise the cost of manufacturing area, which uses domestic gas as feedstock just like companies providing CNG and PNG services. But the impact on power tariffs will hardly be felt as very little electricity comes from gas-fired plants.