IGL ANNOUNCES REDUCTION IN CNG & PNG PRICES
CNG price to reduce by Rs 1.53 per kg in the capital
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New Delhi,: In a major relief to its customers, Indraprastha Gas Limited (IGL), announced a major cut in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), consequent upon recent notification of Govt. of India reducing the prices of domestically produced natural gas.
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This revision in price would result in a decrease of Rs 1.53 per kg in the consumer prices of CNG in Delhi and Rs 1.70 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 42.70 per kg in Delhi and Rs 48.38 per kg in Noida, Greater Noida & Ghaziabad would be effective from 6.00 am on 4th October 2020. The revised CNG price in Muzaffarnagar would be Rs 56.55 per kg, in Karnal & Kaithal would be Rs 50.68 per kg, in Rewari & Gurugram would be Rs 53.40 per kg and in district Kanpur would be Rs 59.80 per kg.
Along with automobile segment, the benefit of reduction in gas prices has been extended to the household segment also. In a major bonanza for its domestic consumers, IGL has announced cut in its domestic PNG prices with effect from 4th October 2020 across all cities. The consumer price of PNG to the households in Delhi has been decreased by Rs 1.05 per scm from Rs 28.55 per scm to Rs. 27.50 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.45 per scm, which has gone down by Re 1 per scm from Rs 28.45 per scm. In Karnal and Rewari, the applicable price of domestic PNG would now be Rs 27.55 per scm, which has been reduced by Rs 1.05 per scm. The revised PNG price in Gurugram would be Rs 28.20 per scm, and in Muzzafarnagar would be Rs 32.75 per scm. IGL is supplying PNG to around 9.5 lakh households in Delhi and around 5 lakh households in Noida, Greater Noida, Ghaziabad, Muzzafarnagar, Karnal and Rewari.
The revision in retail prices of CNG & PNG have been effected after taking into account the overall impact on the cost as a result of the reduction in prices of domestically produced natural gas notified by the government. In order to promote cashless transactions and push CNG refueling during off-peak hours, a special cash back scheme of Re 0.50 per kg is also offered for CNG fueling done only at IGL CNG Stations through IGL Smart Cards between 11 am to 4 pm and 12 am to 6 am. For domestic PNG customers, an incentive of Rs 15 is available when they use self-billing option through IGL Connect Mobile app. With the revised price, CNG would offer over 62% savings towards the running cost when compared to petrol driven vehicles at the current level of prices in Delhi. When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be over around 40%. After revision in prices, domestic PNG would be around 15% economical as compared to LPG at current level of prices in Delhi on energy equivalent basis, apart from offering experience of convenience and uninterrupted contactless supply during the times of pandemic.