Indraprastha Gas Ltd on Thursday, 4th April 2019, increased the CNG price by 10%. CNG and PNG will become costlier in Delhi and its suburbs from today onwards. The company issued a 10% increase in the price of natural gas produced from domestic fields. This move is likely to prompt the demand for revision in auto, bus and taxi fares this poll season.
In Delhi, the CNG price is said to rise by Rs 1 per kg and by Rs 1.15 per kg in the NCR region which comprises of Noida, Greater Noida, and Ghaziabad. CNG from today onwards cost RS 45.70 per kg in Delhi and RS 51.95 per kg, in Noida, Greater Noida, and Ghaziabad region.
The cost post the price hike in Gurugram and Rewari would be RS 57.50 per kg, and in Karnal it is said to be RS 54.50 per kg in the areas around Muzaffarnagar it is said to be RS 60.70 per kg.
This is the sixth increase in the prices of CNG in the last 12 months, since 1st of April 2018. The CNG price was last raised in the month of November.
PNG price too is said to go up by 70 paisa per unit in all the markets supplied by IGL. In Delhi, the price would go up from RS 29.80 to RS 30.50. In Noida, Greater Noida and Ghaziabad area the new price would be around RS 30 per unit. The price difference is due to the impact of incremental increase in taxes.
Indraprastha Gas Ltd is supplying PNG to over 7.25 lakh households in Delhi and nearly over 3.5 lakh households in Noida, Greater Noida, Ghaziabad and Rewari region.
IGL said that the increase would only have a “marginal impact” on the per-km running cost of vehicles but a demand for hike in auto and bus fares cannot be ruled out in the poll season this year.
For autos, the increase in the fare would somewhere be around 3 paisa per km, for taxis it would be around 5 paisa per km and in case of buses, the increases would be around 28 paisa per km in the region of Delhi.
Even after the increase, CNG would still offer over 54% savings towards the running costs when compared to petrol vehicles at the current price levels. When compared to the price of diesel vehicles, the economics in favor of CNG would be over 30% .
(Source PTI and TOI)