CNG Price: City gas distributor companies have so far been able to meet 83 percent of the demand through allocation. For the remaining supply, LNG was being imported at higher rates. Due to this the prices of CNG and PNG are also increasing. you CNG whether driving or in your home png If there is a connection then this news is a matter of relief for you.
In fact, their prices may come down soon. The government has taken a big decision in this regard, so that CNG (CNG) and PNG (png) has raised hopes of a break in the ever-increasing prices.
CNG Price: As prices rise, budget gets disrupted
The prices of CNG and PNG have been on the rise for quite some time now. Even before the increase in their prices, the cost of the public has increased even more because they are facing inflation.
In order to provide relief to the people in such situations, the government has decided to allot some amount of natural gas from industries or industries to the city gas distribution companies. Therefore, the prices of both are likely to come down in the coming time.
government increased so much
In a notification issued by the Petroleum Ministry in this regard on Wednesday, the allocation of domestically produced gas to gas distribution companies is being increased by modifying the earlier order. Under this, Delhi’s Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited in Mumbai (MGL) has been increased from 17.5 million cubic meters per day to 278 million cubic meters per day.
The notification also said that domestic gas will now be supplied to city gas distribution companies based on availability or allocation to GAIL for transportation of CNG and domestic PNG. The supply stood at 102.5 per cent as compared to the level of consumption in the previous quarter.
This will be due to increase in profit allocation
This decision to increase the allocation of the government will have a big impact. In fact, at present, 83 per cent of the demand was being met through allocation to city gas distribution companies.
For the remaining supply, LNG was being imported at higher rates. This has also increased the prices of CNG and PNG. However, after the increase in allocation, companies will now be able to meet 94 per cent of the demand.
CNG doubles in a year
According to a media report, the price of CNG has almost doubled in the last one year and has come close to that of petrol. There has been a huge hike in the prices of CNG-PNG in Mumbai. In the same month, Mahanagar Gas Limited has increased CNG by Rs 6 per kg and PNG by Rs 4 per unit.
According to the report, the price of CNG in Mumbai in July 2021 was Rs 49.40 per kg, which has increased to Rs 86 per kg after the recent hike.
Talking about Delhi, Indraprastha Gas Limited (IGL) has recently increased the price of CNG in Delhi by Rs 4 per kg. After this the price has reached Rs 75.61 per kg. Apart from this, the price of PNG was increased by Rs 2.63 per unit to Rs 50.59 per standard cubic meter this month.