Centre cuts CNG, PNG prices

The Centre on Monday announced a cut in CNG and PNG prices by Rs 15 and Rs 5 per kg respectively. 

Petroleum Minister M Veerappa Moily said: “This is to raise share of indigenously produced gas in the CNG (transport) and PNG (domestic) segments guided by health benefits on account of significantly lower levels of air pollution.”

“Our target is always to benefit the common man. If it helps the common man, we are happy. If some political party also stands to benefit, it is incidental,” he said in response to a question whether the decision would benefit the United Progressive Alliance’s election prospects.

Incidentally, the same government had increased the price of CNG in Delhi by Rs 4.50 last month to Rs 50.10 per kg. 

The price increase led to protests from the newly elected Aam Aadmi Party-led Delhi government, forcing it to move the apex court challenging the Centre's gas distribution policy.

This announcement comes on the back of enhancing LPG cap per household last week.