Delhi: Indraprastha Gas Limited (IGL) has hiked the price of Domestic Piped Natural Gas (PNG) in Delhi to Rs 53.59 per SCM. The new price will come into effect from today, October 8.
For Ghaziabad, Noida and Greater Noida, the PNG price has hiked to Rs 53.46 per SCM, while in Gurugram, it'll cost Rs 51.79 per SCM.
The IGL has also shared price of PNG in other cities including Karnal, Rewari, Muzaffarnagar, Meerut, Shamli, Ajmer, Pali, Rajsamand, Kanpur, Hamirpur, and Fatehpur.
Earlier in Mumbai, City gas utility Mahanagar Gas had increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and around the megapolis from Monday midnight.
Accordingly, the revised retail price of CNG will be Rs 86/kg and domestic PNG will be Rs 52.50/SCM, MGL said in a statement on Monday evening.
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.
The oil ministry's petroleum pricing & analysis cell on September 30 announced new prices for the next six months from October 1, wherein domestically produced gas prices were increased by a steep 40 per cent.
In April 1, the same had been increased by a much higher 110 per cent, citing rising international prices.
The government revises gas prices twice annually—from April 1 to September 30 and from October 1 to March 31. So, the price for October 1 to March 31 is based on the average price from July 2021 to June 2022.
MGL said apart from hiking prices, the government had also reduced the allocation of gas to MGL by 10 per cent due to which MGL is required to source at a substantially higher cost from the market. It also cited the fall in the rupee as another reason for the hike.
With the hike, the price savings between CNG and petrol is down to 45 per cent now, while that of PNG and LPG is down to just 11 per cent.
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