Price of CNG increased in Delhi, PNG became expensive in Noida

CNG price in Delhi was hiked by 80 paise per kg on Friday following a record increase in natural gas prices. Further, the domestic PNG price in Noida has been increased by Rs 5.85 per scm partly due to increase in input gas cost. This rate is effective from 1 April.

According to the information posted on the website of Indraprastha Gas Limited (IGL), the price of CNG in the National Capital Region (NCT) of Delhi has been increased from Rs 60.01 to Rs 60.81 per kg. This is the sixth increase in CNG prices in the last month. Overall, the rates have gone up by around Rs 4 per kg. This increase is due to a jump in gas prices globally.

Indrapratha Gas Limited procures 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 US$6.10 per million. Industry sources said this has increased the cost of IGL, necessitating a price hike.