TIL Desk/Business/New Delhi/ CNG price in the national capital on Friday was hiked by 80 paise per kg, while piped cooking gas rates were increased by a steep Rs 5 per cubic metre on the back of the government raising input natural gas prices to record levels. CNG price in the National Capital Territory (NCT) of Delhi has been increased to Rs 60.81 per kg from Rs 60.01, according to information posted on the website of Indraprastha Gas Ltd (IGL) — the firm which retails CNG and piped cooking gas in the national capital.
This is the sixth increase in CNG prices in the last month. In all, rates have gone up by about Rs 4 per kg. The domestic PNG price has been increased by Rs 5 per Standard Cubic Metre (SCM) with effect from April 1, 2022, partially cover the hike in input gas cost, the company said. The applicable price in Delhi would be Rs 41.61/SCM (including VAT). For Ghaziabad and Noida, the domestic PNG price has been increased by Rs 5.85 to Rs 41.71/SCM.
The increase comes on the back of a surge in gas prices globally. IGL sources natural gas from domestic fields as well as buys imported LNG. LNG in the spot or current market touched record highs in recent months and on Thursday the government raised the price of gas produced from local fields to a record $6.10 per million British thermal unit from $2.9. This has pushed costs for IGL, necessitating the price hikes, industry sources said. CNG prices have gone up by about Rs 8.50 per kg this year alone.
