IGL not to revise retail price of CNG, PNG

Written by PTI | New Delhi | Updated: Nov 1 2014, 20:34pm hrs
Indraprastha Gas Ltd, the sole retailer of CNG in Delhi, today said it is not revising rates despite input cost going up.

"In spite of revision in domestic gas prices announced by the government with effect from 1st November 2014, IGL has decided not to revise the retail price of CNG and domestic PNG in the interest of its consumers in Delhi, Noida, Greater Noida and Ghaziabad," said IGL Managing Director Narendra Kumar said.

Meanwhile in Mumbai, city gas distributor Mahanagar Gas Ltd hiked CNG prices by Rs 4.50 to 43.45/kg and domestic piped natural gas (PNG) by Rs 2.49 to Rs 26.58/SCM, effective midnight today following the 33 per cent hike effected by the Centre.

Earlier this month, the Centre had finally increased domestic natural gas price by 33 per cent from USD 4.20/ MMBTU to USD 5.61/MMBTU from November 1.