New Delhi, 03 October 2019: In line with its vision of having customer centric approach, Indraprastha Gas Limited (IGL), the largest CNG distribution company in the country today announced reduction in the selling prices of Compressed Natural Gas (CNG) consequent upon notification of Govt. of India reducing the prices of domestically produced natural gas. It also announced a new cash back scheme for CNG fueling through IGL Smart Card during offpeak hours at IGL CNG Stations. The price of CNG in Delhi continues to remain lowest in the entire country.
This revision in prices would result in a decrease of Rs 1.90 per kg in the consumer prices of CNG in Delhi and Rs 2.15 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 45.20 per kg in Delhi and Rs 51.35 per kg in Noida, Greater Noida & Ghaziabad would be effective from 6.00 am on 3rd October 2019. The price of CNG being supplied by IGL in other areas shall remain unchanged as of now.
In order to promote CNG fueling during night, a discount of Rs 1 per kg shall be offered by IGL on the selling prices of CNG for filling between 12 am to 6 am at select outlets in Delhi, Noida, Greater Noida and Ghaziabad from now. Thus, the consumer price of CNG would be Rs. 44.20 per kg in Delhi and Rs 50.35 per kg in Noida, Greater Noida & Ghaziabad during 12 am to 6 am at the select CNG stations.
In addition to the above, with a view to promote cashless transactions and push CNG refueling during off-peak hours, IGL has introduced a special cash back scheme of Re 0.50 per kg for CNG fueling done only at IGL CNG Stations through IGL Smart Cards between 11 am to 4 pm and 12 am to 6 am.
The revision in retail price of CNG has been effected after taking into account the overall impact on the cost as a result of the reduction in prices of domestically produced natural gas notified by the government.
With the revised price, CNG would offer over 56% savings towards the running cost when compared to petrol driven vehicles at the current level of prices. When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be over 33%