With the revised price, CNG would offer 65 per cent savings towards the running cost when compared to petrol driven vehicles at the current level of prices.
When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be 36 per cent, the statement said.
IGL, a joint venture of state-owned gas utility GAIL India, refiner Bharat Petroleum Corp (BPCL) and Delhi government, is currently catering to nearly 7,50,000 CNG vehicles in the national capital, which include nearly 4,50,000 private cars.
The 30 per cent reduction in CNG prices will have a major impact on per km running cost of CNG run vehicles.
“For autos, the per-km running cost will come down by 43 paise per km, while for taxis, it would reduce by 72 paise per km. In case of buses, the running cost will decrease by over Rs 4.25 per km,” it added.
