CNG, piped cooking gas prices hiked by Rs 3

The prices of CNG and cooking gas piped to household kitchens in the national capital on Saturday hiked by Rs 3 each in step with rise in input natural gas pricesThe Rs 3 per kg increase in CNG price is the first hike in rates in over four months while a Rs 3 per standard cubic metres increase in piped natural gas PNG was the first raise in two monthsCNG in the national capital territory of Delhi now costs Rs 7861 per kg up from Rs 7561 per kg according to the information posted on the website of Indraprastha Gas Ltd IGL the firm which retails CNG and piped cooking gas in the national capital and adjoining citiesAlso Read Commercial LPG price slashed by Rs 915cylinder ATF rates cut marginallyThis is the 14th increase in price since March 7 Rates were last increased by Rs 2 per kg on May 21 In all the CNG price has risen by Rs 2260 per kg during this period Since April 2021 CNG prices have increased by Rs 3521 per kg or 80 per cent according to data compiled by PTISimultaneously the rates of gas piped to household kitchens called piped natural gas PNG was increased to Rs 5359 per standard cubic metre in Delhi from Rs 5059 per scm according to IGLIt is the 10th increase in PNG rates since August 2021 In all prices have gone up by Rs 2993 per scm or almost 91 per centIGL said rates of CNG and PNG have also been increased in Noida Greater Noida Ghaziabad and Gurugram as well as other cities where it operates such as Kanpur in Uttar Pradesh and Ajmer in RajasthanThe price increase follows the government raising natural gas prices by 40 per cent to a record USD 857 per million British thermal unit from October 1Natural gas which is extracted from below earths surface is converted to compressed natural gas CNG for running automobiles and piped to household kitchens for cooking It is also used to generate electricity and manufacture fertilizerMahanagar Gas Ltd MGL the city gas operator in Mumbai and adjoining areas earlier this week announced a Rs 6 per kg hike in CNG price to Rs 86 per kg and a Rs 4 per scm increase in PNG price to Rs 5250 per scmAnalysts anticipate that CNG prices are likely to be hiked by Rs 812 per kg and PNG rates by over Rs 6 but in tranches to account for the rise in input natural gas prices Natural gas prices are up nearly 5x in just a year from USD 179 per mmBtu till September 2021 to USD 857 nowFor each USD per mmBtu gas price rise city gas distribution CGD entities need to raise the CNG price by Rs 4749 per kgPrices vary from city to city depending on the incidence of local taxes such as VATThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever