The price of cooking gas piped to family kitchens in the nationwide capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second enhance in charges in lower than two weeks.
Piped cooking gas in Delhi will now price Rs 50.59 per customary cubic meter, as towards Rs 47.96 beforehand, in keeping with Indraprastha Gas Ltd – the agency that retails CNG to cars and piped cooking gas to households in the nationwide capital and adjoining cities.
The enhance is to “partially offset the rise in enter gas price,” IGL mentioned in a tweet.
This is the second hike in costs in lower than two weeks. Rates had been final revised on July 26, by Rs 2.1 per scm.
Rates have been on the upswing for the previous a number of months and have gone up by greater than 70 per cent in the final one yr.
PNG in Delhi used to price Rs 29.66 per scm in July 2021.
Thereafter charges have been elevated on 9 events, totaling Rs 20.93.
The present enhance follows the federal government mandating using costlier imported LNG to fulfill incremental demand. State-owned GAIL averages out the charges of gas produced regionally with the imported one earlier than supplying to metropolis gas retailers like IGL.
Similar will increase in piped cooking gas (referred to as piped pure gas or PNG) have been affected by metropolis gas retailers in different components of the nation.
In Mumbai, Mahanagar Gas Ltd hiked CNG price by Rs 6 per kg and PNG by Rs 4 a unit.
“Due to the numerous enhance in enter gas price, we now have determined to get well the associated fee. Accordingly, we have elevated the retail price of CNG to Rs 86 per kg and hiked home PNG by Rs 4 to Rs 52.50 in and round Mumbai,” MGL mentioned in an announcement.
However, IGL has not elevated the CNG price and it continues to price Rs 75.61 per kg.
IGL mentioned PNG in Noida, Greater Noida and Ghaziabad, which adjoin Delhi, will price Rs 50.46 per scm, whereas in Gurugram it is going to be priced at Rs 48.79 per scm.
Rates differ from state to state relying on native taxes.
Natural gas is the essential enter for CNG and PNG.
Domestic manufacturing of pure gas is inadequate to fulfill demand and India imports roughly half of its wants in the type of liquefied pure gas (LNG).
While the price of domestically produced pure gas was elevated to $6.10 per million British thermal models for the six-month interval starting April 1, worldwide LNG charges shot to file excessive in the aftermath of Russia’s invasion of Ukraine.
LNG in the spot or present market presently prices upwards of $30.
GAIL mixes about 2.5-3 million customary cubic meters per day of LNG with volumes out there from home fields for supplying metropolis gas operators like IGL and MGL.
The pooled price is fastened each month.
For August, the pooled price is $10.52 per mmBtu, up from $8.95 in the earlier month.