New Delhi, 02 March 2021: Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi today announced revision in the selling prices of Compressed Natural Gas (CNG) in NCT of Delhi, Noida, Greater Noida, Ghaziabad, Kanpur, Fatehpur, Hamirpur, Muzzafarnagar, Shamli, Karnal, Kaithal and Rewari to partially offset the impact on account of increase in its operational, manpower and fixed costs during COVID-19 pandemic.
IGL has been maintaining continuous and uninterrupted supply of clean fuels – CNG & PNG throughout the entire lockdown period during the pandemic and has drawn up extensive plans for expansion across all its areas of operation for comfortable fueling experience to its customers.
This revision in price would result in an increase of 70 paise per kg in the consumer prices of CNG in Delhi, Noida, Greater Noida, Ghaziabad, Kanpur, Fatehpur, Hamirpur, Muzzafar Nagar, Shamli, Karnal, Kaithal and Rewari with effect from 6.00 am on 2nd March 2021.
The new consumer price would be Rs. 43.40 per kg in Delhi and Rs 49.08 per kg in Noida, Greater Noida & Ghaziabad. In Kanpur, Hamirpur & Fatehpur, the revised CNG price would be Rs 60.50 per kg while CNG price in Muzzafar Nagar & Shamli would be Rs 57.25 per kg. For the state of Haryana, the revised CNG price in Rewari would be Rs 54.10 per kg, while it stands revised to Rs 51.38 per kg in Karnal & Kaithal. Even after revision, the retail price of CNG in Delhi remains lowest in the country.
In order to promote cashless transactions and push CNG refueling during off-peak hours, IGL will continue to offer 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.
IGL has also announced increase in its domestic PNG prices with effect from 2nd March 2021. The consumer price of PNG to the households in Delhi has been increased by 91 paise per scm from Rs 27.50 per scm to Rs. 28.41 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 28.36 per scm, which has also been increased by 91 paise per scm from Rs 27.45 per scm.
In Rewari and Karnal, the applicable price of domestic PNG would now be Rs 28.46 per scm, which has also been increased by 91 paise per scm. The revised PNG price in Muzzafar Nagar, Shamli & Meerut would be Rs 32.67 per scm. For domestic PNG customers, an incentive of Rs 15 is available when they use self-billing option through IGL Connect Mobile app. IGL is supplying PNG to over 10 lakh households in Delhi and around 6 lakh households in Noida, Greater Noida, Ghaziabad, Muzzafar Nagar, Karnal and Rewari.
However, this increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would translate to just over 2 paisa per km, for taxi it would be 4 paisa per km.
With the revised price, CNG would still offer over 65% 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 46%.