Active Stocks
Thu Dec 07 2023 15:57:50
  1. Bharti Airtel share price
  2. 998.75 -2.46%
  1. Reliance Industries share price
  2. 2,457.6 -0.13%
  1. Tata Steel share price
  2. 130 -1.37%
  1. Power Grid Corporation Of India share price
  2. 229.85 2.43%
  1. NTPC share price
  2. 284.05 1.03%
Business News/ News / India/  Gujarat govt reduces VAT on PNG, CNG by 10%, says Minister Jitu Vaghani
Back Back

Gujarat govt reduces VAT on PNG, CNG by 10%, says Minister Jitu Vaghani

As per details, the CNG prices in Ahmedabad is ₹83.9, while in Gandhinagar, its ₹82.16 per kilogram.

Representative image  (Photo: HT)Premium
Representative image  (Photo: HT)

Gujarat Minister Jitu Vaghani on 17 October announced that the state government has reduced the Value Added Tax (VAT) on Piped Natural Gas (PNG) and Compressed Natural Gas (CNG by 10 per cent.

As per details by, the CNG prices in Ahmedabad is 83.9, while in Gandhinagar. its 82.16 per kilogram.

Following the reduction in average CNG prices, the consumers can benefit from 6 to 7 per kg, while those using PNG can save 5 to 6 per kg.

ALSO READ: IGL hikes CNG prices in Delhi by 3 per kg; Check latest rate in Delhi-NCR

The recent development comes ahead of the Assembly Elections announcement this year. Though the EC announced poll dates for Himachal Pradesh, it is yet to announce the schedule for Gujarat.

Meanwhile, the CNG and cooking gas prices piped to household kitchens in the national capital were hiked by 3 each on 8 October to cope with rising input natural gas prices.

Since March, this is the 14th increase in price, as rates were last hiked by 2 per kg on 21 May. During this period, the CNG price has risen by 22.60 per kg and since 2021, CNG prices have increased by 35.21 per kg or 80 percent, according to data compiled by PTI.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 17 Oct 2022, 04:40 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App