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CNG in Delhi rises Rs 3.89 per kg from Saturday
The Hindu BusinessLine··29 Aug
CNG prices in Delhi and adjoining cities will rise Rs 3.89 per kg from Saturday, Indraprastha Gas Ltd said. IGL said imported LNG spot rates have surged since the West Asia conflict began. IGL called a Rs 3.89 per kg revision necessary to partially offset higher input gas costs. The change takes effect from 6 am Saturday.
Prism
What It Means For You
- Delhi commuters using CNG vehicles will pay Rs 3.89 more per kg from Saturday morning.
- Fleet operators running CNG taxis and buses face higher fuel bills as LNG spot prices stay elevated.
- Adjoining cities served by IGL will see the same per-kg increase from 6 am on Saturday.
What's Happening
- IGL meets much of its CNG input through imported LNG bought on spot markets.
- A significant portion of input gas for CNG is met through imported LNG.
- IGL described the revision as calibrated to partially offset rising input gas costs.
Why CNG Prices Track LNG
- LNG rates in the spot market have surged since the beginning of the West Asia conflict.
- IGL announced the price revision in a statement on Friday.
- The revision in CNG prices is being effected from 6 am on Saturday.
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