Business

Great Relief For Consumers! CNG Rates Reduced In Delhi-NCR, Check Price Here

After the central government approved a new method in order to fix the rates of natural gas, Indraprastha Gas Limited (IGL), which operates CNG in the region from today i.e. on Sunday.

It is a great relief for the Delhi-NCR customers, as from today onwards they have to pay up to Rs 73.59 per Kg of CNG in the national capital. Whereas, it will cost approx Rs 77.20 per Kg in Noida, Greater Noida and Ghaziabad.

However, in Guragram the CNG rates will be costlier to Rs 82.62 from Sunday.

Earlier, on December 17 last year, the IGL increased the prices of the CNG in Delhi and its NCR. The price of CNG in Delhi raised to Rs 79.56 per kg, while it was around Rs 82.12 per kg in Noida, Greater Noida and Ghaziabad.

Oil Minister on CNG, PNG rates

Speaking to the media, the oil secretary, Pankaj Jain said this development will make the piped natural gas (PNG) cheaper by 10 per cent and lower the cost of compressed natural gas (CNG) by 6 per cent to 9 per cent.

Moreover, the central government will issue a notification today to announce this new development and the decision will come into action from Saturday onwards.

While referring to India’s crude purchase and how much of it would be linked with fixing the price of natural gas, the government said, “The price of such natural gas shall be 10 per cent of the monthly average of Indian Crude Basket and shall be notified on a monthly basis.”

Also Read: 09 April 2023: Petrol And Diesel Prices Remain Unchanged, Check Rates Of Your City

In a statement released via the Press Information Bureau, the country aims to increase the shares of natural gas in the primary energy mix from the current 6.5 per cent to 15 per cent by 2030. The reforms will help expand the consumption of natural gas and will contribute to the achievement of the target of emission reduction and net zero.

Taking to Twitter, the oil minister, Hardeep Puri said that the move will protect the interest of consumers.

“In continuation to various initiatives taken under the leadership of Prime Minister Narendra Modi to protect the interest of consumers by reducing the impact of the increase in international gas prices on gas prices in India, the Union Cabinet approves revised domestic gas pricing guidelines,” he wrote on Twitter.

Alina Khan

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

7 hours ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

9 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

9 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

10 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

11 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

12 hours ago