CNG prices hiked 4 percent in NCT areas
The price of compressed natural gas (CNG) in Delhi, Noida, Greater Noida and Ghaziabad will go up from midnight Friday.
Announcing a 4 percent hike, public sector Indraprastha Gas Limited (IGL) said the new consumer price of CNG would be Rs.39.90 a kg in Delhi, and Rs.45.10 in Noida, Greater Noida and Ghaziabad.
IGL said it raised the price due to increased input costs and related taxes.
"There has been a complete stoppage of KG D-6 (gas fields in Andhra Pradesh operated by Reliance Industries-led consortium) supplies to IGL since 2011. Any additional CNG demand has to be met through costly R-LNG (liquefied natural gas), which is available in the market at well over three times the cost of domestic gas supplies under APM (administered price mechanism)," said IGL in a release.
IGL, however, said the increase would have minor impact on the per km running cost of vehicles. "For autos, the increase would be 4 paise per km, for taxis it would be 7 paise per km and in case of buses, the increase would be 45 paise per km, which translates to less than one paisa per passenger km."
