Indraprastha Gas Limited (IGL) has declared a decrease in the retail consumer rates of compressed natural gas (CNG) within all the regions it serves, starting from 6 am on March 7th.
The revised selling price of CNG in Delhi is Rs 74.09 per kg, while it will be Rs 78.70 per kg in Noida, Greater Noida and Ghaziabad.
Previously, the rate was Rs 76.59 per kg in Delhi. The revised prices in Noida, Greater Noida, and Ghaziabad now stand are down from Rs 81.20 per kg.
The retail consumer price of CNG is being reduced by Rs 2.50 per kg across all geographical areas of IGL from 6 am on Thursday, 7th March 2024.@PetroleumMin (1/2)— Indraprastha Gas Ltd (@IGLSocial) March 6, 2024
Following Mahanagar Gas (MGL)’s Rs 2.5 per kg CNG price reduction, now set at Rs 73.50 per kg, IGL has also declared a price cut. This reduction is credited to the decrease in gas input expenses.
One month after Oil Minister Hardeep Puri provided an update to the Rajya Sabha on February 5 regarding the government’s efforts to regulate compressed natural gas prices, both MGL and IGL have announced price reductions.
On February 5, Puri informed the Rajya Sabha that the government is continuously striving to manage the prices of compressed natural gas and has dissociated Indian gas prices from four international hubs located in the US, Canada, the UK, and Russia, instead aligning them with the Indian crude basket.
More Push Towards Cleaner Fuel
Hardeep Singh Puri on Tuesday inaugurated 201 CNG stations across 17 states and India’s first small-scale LNG unit at Vijaipur in Madhya Pradesh in a move to increase gas usage in the economy.
The 201 compressed natural gas (CNG) stations dedicated to the nation have been set up by 15 city gas distribution (CGD) entities of GAIL group in 52 geographical areas (GAs) across 17 states while India’s first small-scale LNG unit has been set up by GAIL at its Vijaipur LPG plant, an official statement said.
Out of these 15 CGD entities, 53 stations belong to GAIL Gas Ltd, 50 to Indraprastha Gas Ltd, 43 to GAIL and 20 to Mahanagar Gas Ltd.
Besides, four belonged to Avantika Gas Ltd, two to Bengal Gas Company Ltd, three to Central UP Gas Ltd, one to Goa Natural Gas Pvt Ltd, three to Green Gas Ltd, one to Haridwar Natural Gas Ltd, two to Purba Bharati Gas Ltd, and one each to Rajasthan State Gas Pvt Ltd, Tripura Natural Gas Company Ltd and Vadodara Gas Ltd, among others.
“These stations will promote the usage of CNG as a greener alternative to conventional fuels and make it available in newer areas,” the statement said.
After the completion of ongoing CGD development in GAs awarded under the 12th bidding round of Petroleum and Natural Gas Regulatory Board, almost entire India’s population and geographical area will have access to natural gas.
The country now has more than 6,200 CNG stations while the number of domestic piped natural gas (PNG) connections stands at around 1.21 crore.
GAIL group companies account for 40 per cent CNG stations and 64 per cent PNG connections in the country, it said.
“In accordance with the continuous innovation undertaken in the natural gas value chain, GAIL has set up India’s first small-scale LNG (SSLNG) unit at its Vijaipur LPG plant. This SSLNG technology has the potential to play a crucial role in connecting the isolated sources and consumers which are yet to be connected to the natural gas pipeline network,” it added.
(With PTI inputs)
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