16 June : Indraprastha Gas Ltd (IGL), the sole supplier of CNG in the national capital, raised CNG price by Rs 2.10 to Rs 21 per kg effective from midnight Monday."The revision in prices would result in an increase of Rs 2.10 per kg in the consumer price of CNG, increasing from the current price of Rs 18.90 per kg," a company official said.
IGL Managing Director Rajesh Vedvyas said: "We have been constrained to increase the price of CNG after a period of three years, mainly because of increase in the overall input cost of natural gas sourced by IGL and due to increase in the operating expenses."
"Still, only half of the total increase in operating expenses is being passed on to the consumers and the rest is being absorbed by us."He said the increase in CNG retail prices will marginally impact the per kilometre (km) running cost for the vehicles.
For autos, the increase would be 6 paisa per km, for taxi it would be 10 paisa per km and in case of buses, the increase would be 60 paisa per km, which translates into one paisa per passenger per km.He added that the increased price of CNG in Delhi at Rs 21 per kg would still remain the cheapest in the country.
Speaking about CNG prices in NCR towns of Noida and Greater Noida, IGL Director (Commercial) Manmohan Singh said: "IGL is not revising the price of CNG in Noida and Greater Noida, which remains at Rs 22.10 per kg".
He added that despite the aforesaid price increase, CNG would still offer around 62 per cent savings towards the running cost when compared to petrol driven vehicles at the current level of prices.When compared to diesel-driven vehicles the economics in favour of CNG at revised price would be 31 per cent.
By : News Team
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