CNG-PNG Prices: Adani Total Gas Limited (ATGL) has decided to cut the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) from today (April 8). According to a press release, the price of CNG has been reduced by Rs 8.13 per kg and that of PNG by Rs 5.06 per cubic centimetre.
ATGL applauds the historic decision of the Central Government to link the Administered Price Mechanism (APM) price for gas supply to CNG vehicles and residential households to 10% of the Indian crude basket with a floor price of $4 and a ceiling of $6.5 per MMBtu Did.
“In line with our policy of giving priority to our end consumers, ATGL has decided to extend the benefits of the new gas pricing guidelines announced by the Government of India to a larger number of domestic PNG and CNG consumers, thus increasing the affordability of PNG and CNG. Savings of more than 40% for CNG consumers as compared to petrol prices and about 15% savings for domestic PNG consumers as compared to CNG and LPG prices,” the press statement read.
Revised prices effective from midnight
“Effective from midnight today (Saturday), ATGL is pleased to announce reduction in CNG price by Rs. 8.13 per kg and PNG price by Rs. 5.06 per SCM. Gas in CNG and PNG across our various geographies The reduction in prices of the regions (GAs) across the country have been provided in the table attached,” the statement said.
ATGL believes that this historic decision by the Government of India to reform gas prices will act as a growth catalyst to rapidly increase the footprint of domestic PNG and CNG vehicles so as to increase the share of natural gas from 6.5 per cent can be ensured. 15 percent of India’s energy basket by 2030, in line with the vision of the Government of India.
Read also: Govt caps CNG, piped cooking gas rates, changes pricing formula
Price reduction to bring much needed relief
The drastic reduction in CNG and PNG prices is expected to provide much needed relief to the large number of users of both CNG and PNG in the country and in ATGL GA. Further, the ATGL statement said, “In addition to the reduction in CNG and PNG prices as a result of the new gas price guidelines, ATGL is pleased to announce a reduction in PNG prices by Rs 3.0 per cubic meter for our industrial and commercial consumers.” Glad to be. (GA).”
It must be mentioned here that ATGL is one of the largest CGD private listed CGD company currently serving ~7 lakh domestic, ~4,000 commercial, ~2,000 industrial customers and over three lakh CNG users across our 460 CNG stations in India. supplies CNG and PNG.
(With ANI inputs)