Indraprastha Gas Hikes CNG Price In Delhi
An Indraprastha Gas Ltd. attendant fills up a customer’s car with compressed natural gas (CNG) at a station in New Delhi, India (Photographer: Pankaj Nangia/Bloomberg)  

Indraprastha Gas Hikes CNG Price In Delhi

Bookmark

Compressed natural gas prices in the national capital and adjoining cities on Monday was hiked by Re 1 per kilogram to make up for the additional cost incurred to keep stations coronavirus ready.

Indraprastha Gas Ltd., the firm that retails CNG to automobiles and piped natural gas to household kitchens, revised CNG price in the national capital from Rs 42/kg to Rs 43/kg, with effect 6 a.m. from June 2, the firm said on Twitter.

There will, however, be no change in piped cooking gas prices.

The company had last cut CNG price by Rs 3.2 per kg and piped natural gas rate by Rs 1.55 per unit from April 3.

The nationwide lockdown imposed from March 25 saw fuel sales drop by as much as 90 percent but relaxations thereafter have not helped demand recover to pre-Covid levels. Despite the drop in sales, the company continued to incur expenditure on paying salaries, fixed charges for power connections, maintenance of equipment and rent, sources said.

To recover these charges, the firm has raised CNG prices, they said.

Also read: Indraprastha Gas To Make Its Own Meters To Cut Reliance On Imports

CNG retail price in Noida, Greater Noida and Ghaziabad being revised from Rs 47.75/ kg to Rs 48.75/ kg, IGL said in another tweet.

CNG rate in Karnal district of Haryana was hiked to Rs 50.85 per kg and that in Rewari to Rs 55 a kg from Rs 54.15.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.