CNG Price Hiked: The price of Compressed Natural Gas (CNG) in Delhi on Friday was hiked by 80 paise per kg on the back of the government raising input natural gas prices to record levels.
CNG price in the National Capital Territory (NCT) of Delhi has been increased to Rs 60.81 per kg from Rs 60.01, according to information posted on the website of Indraprastha Gas Ltd (IGL) — the firm which retails CNG and piped cooking gas in the national capital.
This is the sixth increase in CNG prices in the last month. In all, rates have gone up by about Rs 4 per kg. The increase comes on the back of a surge in gas prices globally.
CNG Price Hiked:
IGL sources natural gas from domestic fields as well as buys imported LNG. LNG in the spot or current market touched record highs in recent months and on Thursday the government raised the price of gas produced from local fields to a record USD 6.10 per million British thermal unit from USD 2.9.
This has pushed costs for IGL, necessitating the price hikes, industry sources said. Prices have gone up by about Rs 8.50 per kg this year alone. The company has, however, not changed the price of natural gas piped to household kitchens for cooking.