Ummid Assistant

Jamia Millia launches courses on China, Afghanistan

IGNOU launches value education programme for teachers

Welcome Guest! You are here: Home Business & Economy

CNG prices raised up to Rs.2 a kg in NCR

Friday December 30, 2011 07:21:59 PM, IANS

New Delhi: The price of compressed natural gas (CNG) will go up by Rs.1.75 a kg in Delhi and by Rs.2 in Noida, Greater Noida and Ghaziabad from midnight Friday following depreciation of the rupee against the dollar that has made the import of gas costlier.

Indraprastha Gas Ltd (IGL), sole distributor of CNG in the national capital region, said the gas will cost Rs.33.75 a kg in Delhi. In Ghaziabad, Noida and Greater Noida consumers will have to pay Rs.37.90 for a kg of CNG.

IGL Managing Director M. Ravindran said the company was compelled to increase the price because of the recent depreciation in the value of the rupee against the dollar.

"We have been forced to increase the retail price of CNG due to major increase in the input cost of entire pool of natural gas being sourced by us as a result of recent appreciation of dollar vis--vis rupee and the increased dependence on imported Spot R-LNG."

IGL estimates that the increase for auto rickshaws would be 5 paise per km and for taxis 8 paise per km. In case of buses, the increase would be 50 paise per km, which translates to less than one paisa per passenger per km.

But observers say the hike in CNG price will make commuting costlier in the national capital region.

As per the government directive, all light commercial vehicles and most buses run on CNG in the Delhi region.

Prices of CNG have been hiked for the fifth time this year. The last hike was Oct 1, when it was increased by Rs.2 per kg in Delhi.

The Indian rupee has depreciated by almost 20 percent against the US dollar in the last five months. As a result of this, IGL has to pay more to import gas.

Ravindran said the base price of natural gas procured by IGL from all its sources - administered price mechanism (APM), KG-D6, long term R-LNG as well as Spot R-LNG was in US dollar. "Dollar has appreciated by 14 percent vis--vis rupee since the last price revision of CNG," he said.

He said with the allotted APM gas having already been fully utilised and complete stoppage of KG-D6 supplies due to decrease in production, "IGL is left with no other alternative but to source costly Spot R-LNG to meet the ever increasing demand which has contributed to higher cost of sourcing the gas."

IGL is a joint venture of GAIL, Bharat Petroleum and the Delhi government. It runs 232 CNG stations in the NCR and plans to open 30 new outlets by the end of the current financial year.










Bookmark and Share

Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS






Top Stories

Lokpal bill drowns in Rajya Sabha amid chaos

The much-awaited vote on the Lokpal bill fizzled out in the Rajya Sabha amid chaos at midnight Thursday as the house was adjourned sine die, leaving the government and opposition members at each  

Political games cloud Lokpal bill's fate

Lokpal bill gets wobbly in Rajya Sabha


  Most Read

Cyclone Thane kills five in Tamil Nadu, Puducherry

Five people were killed as Cyclone Thane, packing a wind speed of 140 kmph, made landfall on the coast between Cuddalore  

Cyclone Thane makes landfall in Tamil Nadu

Dara Shikoh, Aurangzeb misunderstood: Pakistani-American expert

Lives of two Mughal princes, Dara Shikoh and his younger brother Aurangzeb, sons of emperor Shah Jahan, have been distorted by historians, a Pakistani-American scholar has said. Munis Faruqui, assistant professor at the South and Southeast Asian Studies Department of the  


  News Pick

Lukewarm response to renovated Ghalib's haveli

Urdu poet Mirza Ghalib's 'haveli', which was recently renovated by the government, seems to have failed to please both the visitors and locals, who say the restoration of the heritage building is a half-hearted attempt.  

Lok Sabha adjourned sine die, stormy session ends

The Lok Sabha was adjourned sine die Thursday bringing an end to a stormy winter session - half of which was lost to protests - during which the government passed some key bills including the anti-graft Lokpal legislation.  

Maharashtra Minorities Commission to get judicial powers

In an important decision taken during the cabinet meeting held yesterday, the Maharashtra government approved the proposal to grant judicial powers to the state minorities commission  


Picture of the Day

Union Human Resource Development Minister Kapil Sibal inaugurating the long awaited Aligarh Muslim University (AMU) special centre at Malappuramm in Kerala  on December 24, 2011.



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes










Contact us





    Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.