CNG price hiked in Delhi and NCR by Rs 4.50/kg, PNG rates by Rs 5.15/kg

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CNG or compressed natural gas price in the national capital was today hiked by a steep Rs 4.50 per kg, the second increase in rates in three months. Reuters CNG or compressed natural gas price in the national capital was today hiked by a steep Rs 4.50 per kg, the second increase in rates in three months. Reuters
SummaryCNG price hike will push rate to Rs 50.10/kg in Delhi, piped cooking gas (PNG) to Rs 29.50.

CNG (compressed natural gas) price hike, by a steep Rs 4.50 per kg, is set to hit Delhi today, effective midnight. This is the second increase in rates in just three months.

Also, the price of cooking gas piped to kitchens has been increased by Rs 5.15 per kg with effect from midnight tonight.

CNG will cost Rs 50.10 per kg in Delhi and Rs 56.70 per kg in Noida, Greater Noida & Ghaziabad from midnight tonight, Indraprastha Gas Ltd (IGL) said.

The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs 27.50 per standard cubic metre to Rs 29.50 per scm up to consumption of 30 scm in two months.

Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs 52 per scm.

Due to differential tax structure in the state of Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs 29 per scm.

Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs 54 per scm.

CNG price was last revised in September when it was hiked by a hefty Rs 3.70 per kg.

Price of Compressed Natural Gas (CNG) sold to automobiles in the national capital then increased from Rs 41.90 to Rs 45.60 per kg.

Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs 24.50 per scm to Rs 27.50 per scm.

IGL, the sole retailer of CNG and PNG in Delhi, said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all City Gas Distribution Companies across the country.

"There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing.This has affected our overall input cost by over 13 per cent," an IGL statement said.

In addition, there has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013," the statement added.

Government reallocated domestic gas allocations to all City Gas Distribution Companies across the country as a

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