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Business News/ Industry / Energy/  CNG prices to increase in Delhi, Noida, Ghaziabad from today
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CNG prices to increase in Delhi, Noida, Ghaziabad from today

India’ domestic cooking gas prices increased again. Effective 1 March, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been increased by ₹25 to ₹819

Indraprastha Gas Limited, which retails CNG to automobiles and piped cooking gas to households in NCR, said CNG price in Delhi will be Rs40.61 per kg and Rs47.05 in Noida, Greater Noida & Ghaziabad, effective Sunday midnight. Photo: MintPremium
Indraprastha Gas Limited, which retails CNG to automobiles and piped cooking gas to households in NCR, said CNG price in Delhi will be Rs40.61 per kg and Rs47.05 in Noida, Greater Noida & Ghaziabad, effective Sunday midnight. Photo: Mint

NEW DELHI : State run Indraprastha Gas Limited (IGL) on Monday increased the compressed natural gas (CNG) and piped natural gas (PNG) prices.

This comes in the backdrop of India’ domestic cooking gas prices increased again. Effective 1 March, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been increased by 25 to 819.

“This revision in price would result in an increase of 70 paise per kg in the consumer prices of CNG in Delhi, Noida, Greater Noida, Ghaziabad, Kanpur, Fatehpur, Hamirpur, Muzzafarnagar, Shamli, Karnal, Kaithal and Rewari with effect from 6.00 am on 2nd March 2021," IGL said in statement.

Also, transportation fuel prices are continuing with their upward trend, with petrol and diesel selling at record high prices.

“IGL has also announced increase in its domestic PNG prices with effect from 2nd March 2021. The consumer price of PNG to the households in Delhi has been increased by 91 paise per scm from 27.50 per scm to Rs. 28.41 per scm," the IGL statement added.

Fuel retailers revise prices of LPG cylinders, which is primarily dependent on the international benchmark rate of LPG, and the US dollar and rupee exchange rate. The non-subsidized domestic cooking gas price has been increased in the backdrop of the finance ministry slashing the allocation for petroleum subsidy by two-thirds to 12,995 crore for FY22.

“IGL has been maintaining continuous and uninterrupted supply of clean fuels – CNG & PNG throughout the entire lockdown period during the pandemic," the IGL statement added.

There has been a sharp jump in global energy prices after the Organization of the Petroleum Exporting Countries (Opec)-plus meeting on 3 February decided to continue with supply curbs.

The cost of the Indian basket of crude, which comprises Oman, Dubai and Brent crude, was at $64.68 a barrel on 26 February. The benchmark Brent crude was trading at $64.81 per barrel, and the West Texas Intermediate was at $61.65 a barrel at the time of writing this story.

Following the covid outbreak, crude prices for Indian basket of crude had plunged to $19.90 in April before recovering to $54.79 a barrel in January, data from the Petroleum Planning and Analysis Cell showed. It averaged at $56.43, $69.88 and $60.47 per barrel in FY18, FY19 and FY20, respectively.

Gas comprises about 6.2% of India’s primary energy mix, far behind the global average of 24%. The government plans to increase this share to 15% by 2030. India’s gas demand is expected to be driven by the fertilizer, power, city gas distribution, and steel sectors.

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Published: 01 Mar 2021, 10:53 PM IST
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