CNG price cut by 80 paise/kg, PNG 70 paise/unit in Delhi

New Delhi: CNG price in the national capital was Thursday cut by 80 paise per kg and piped cooking gas (PNG) by 70 paise per unit following an 18 percent reduction in natural gas prices.

CNG for automobiles in Delhi will from Friday cost Rs 37.20 per kg, Indraprastha Gas Ltd said in a statement.

The price of CNG in adjoining towns of Noida, Greater Noida and Ghaziabad was cut by 90 paisa to Rs 42.60 per kg with effect from midnight tonight.

"The price of CNG in Delhi remains lowest in the country," it said.

IGL also announced reduction in its domestic piped natural gas prices from tomorrow.

The consumer price of PNG to the households in Delhi has been reduced by Rs 0.70 per standard cubic meters (scm) from Rs 25.35 to Rs 24.65 per scm.

Due to differential tax structure in the state of Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 26.15 per scm, which has been reduced by Rs 0.90 per scm from existing Rs 27.05 per scm.

IGL supplies PNG to over 6,00,000 households in the region.

"The revision in retail prices of CNG and domestic PNG has been affected after gauging the overall impact on the cost as a result of the reduction in prices of domestically produced natural gas notified by the government yesterday and the increase in cost due to depreciation of rupee vis-?-vis US dollar apart from increase in various operational expenses since the last price revision," the statement said.