Adani Gas cuts CNG prices by Rs 12 per kg & PNG by Rs 5 per scm

Feb 18 2014, 22:20 IST
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This is the second reduction in gas prices after Adani Gas reduced CNG price by Rs 10, PNG by Rs 8 on Dec 26. PTI This is the second reduction in gas prices after Adani Gas reduced CNG price by Rs 10, PNG by Rs 8 on Dec 26. PTI
SummaryThis is the second reduction in gas prices after Adani Gas reduced CNG price by Rs 10, PNG by Rs 8 on Dec 26.

In a move that will benefit over 1.5 CNG vehicle users in Ahmedabad and Vadodara, Adani Gas Limited on Tuesday reduced the prices of CNG by Rs 12 per kilogram.

The company has also reduced the prices of PNG (domestic) by Rs 5 per standard cubic meter which is expected to benefit 1.9 lakh households in the state.

"In view of the additional allocation of domestic gas, price of CNG in Ahmedabad and Vadodara is being revised downward from Rs 58.75 to Rs 46.75 per Kg and the price of PNG (domestic) is being revised downward from approximately Rs 28.80 to Rs 23.80 per scm (excluding VAT) with effect from Feburary 19," stated a release from the company.

This reduction comes after Government of India issued revised guidelines dated February 3 for allocation of domestic gas to City Gas Distribution entities and CNG (transport) and PNG (domestic), the release added.

This is the second round of reduction in gas prices after Adani Gas reduced the prices of CNG by Rs 10 and PNG by Rs 8 on December 26. Two months ago, the prices of CNG gas stood at Rs 68.80 per kg and the prices of PNG was around Rs 37 per scm.

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