CNG price cut by Rs 15/kg, piped gas by Rs 5 as Oil Minister Veerappa Moily battles Arvind Kejriwal effect

Feb 04 2014, 17:23 IST
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CNG price cut today comes in wake of a hike by a steep Rs 4.50 per kg on December 26 in Delhi. CNG price cut today comes in wake of a hike by a steep Rs 4.50 per kg on December 26 in Delhi.
SummaryCNG price cut massively by Veerappa Moily with an eye on stopping Arvind Kejriwal's momentum.

the distributor of CNG in Delhi, had said strengthening of the dollar and increasing dependence on imported regasified-liquid natural gas (RLNG) that costs four times as much as domestic gas necessitated the price hikes.

Hikes in CNG prices, it had said, was also made necessary by a 5 per cent reduction in the allocation of cheaper domestic gas to Delhi and the NCR following a Gujarat High Court order.

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