CNG, piped cooking fuel costs hiked by Rs 3
The costs of CNG and cooking fuel piped to family kitchens within the nationwide capital on Saturday hiked by Rs 3 every in line with rise in enter pure fuel costs.
The Rs 3 per kg improve in CNG value is the primary hike in charges in over 4 months, whereas a Rs 3 per customary cubic metres improve in piped pure fuel (PNG) was the primary elevate in two months.
CNG within the nationwide capital territory of Delhi now prices Rs 78.61 per kg, up from Rs 75.61 per kg, in accordance with the knowledge posted on the web site of Indraprastha Gas Ltd (IGL) — the agency which retails CNG and piped cooking fuel within the nationwide capital and adjoining cities.
This is the 14th improve in value since March 7. Rates had been final elevated by Rs 2 per kg on May 21. In all, the CNG value has risen by Rs 22.60 per kg throughout this era. Since April 2021, CNG costs have elevated by Rs 35.21 per kg or 80 per cent, in accordance with information compiled by PTI.
Simultaneously, the charges of fuel piped to family kitchens, known as piped pure fuel (PNG), was elevated to Rs 53.59 per customary cubic metre in Delhi from Rs 50.59 per scm, in accordance with IGL.
It is the tenth improve in PNG charges since August 2021. In all costs have gone up by Rs 29.93 per scm, or virtually 91 per cent.
IGL stated charges of CNG and PNG have additionally been elevated in Noida, Greater Noida, Ghaziabad and Gurugram in addition to different cities the place it operates equivalent to Kanpur in Uttar Pradesh and Ajmer in Rajasthan.
The value improve follows the federal government elevating pure fuel costs by 40 per cent to a report USD 8.57 per million British thermal unit from October 1.
Natural fuel, which is extracted from beneath earth’s floor, is transformed to compressed pure fuel (CNG) for working vehicles and piped to family kitchens for cooking. It can be used to generate electrical energy and manufacture fertilizer.
Mahanagar Gas Ltd (MGL) – the town fuel operator in Mumbai and adjoining areas – earlier this week introduced a Rs 6 per kg hike in CNG value to Rs 86 per kg and a Rs 4 per scm improve in PNG value to Rs 52.50 per scm.
Analysts anticipate that CNG costs are more likely to be hiked by Rs 8-12 per kg and PNG charges by over Rs 6, however in tranches, to account for the rise in enter pure fuel costs. Natural fuel costs are up practically 5x in only a 12 months – from USD 1.79 per mmBtu until September 2021 to USD 8.57 now.
For every USD per mmBtu fuel value rise, metropolis fuel distribution (CGD) entities want to lift the CNG value by Rs 4.7-4.9 per kg. Prices differ from metropolis to metropolis relying on the incidence of native taxes equivalent to VAT.
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