NEW DELHI: The price of CNG has been increased by Rs 1.70 per kg in Delhi and Rs. 1.95 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 44.30 per kg in Delhi and Rs 51.25 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of September 30. Indraprastha Gas Limited (IGL) said the price of CNG has been hiked following a recent notification of Government of India increasing the prices of domestically produced natural gas.The price of CNG being supplied in Rewari has been increased by Rs 1.80 per kg from Rs 52.25 per kg to Rs 54.05 per kg.IGL has also increased prices of domestic Piped Natural Gas (PNG). The consumer price of PNG to the households in Delhi has been increased by Rs 1.30 per scm from Rs 28.25 per scm to Rs. 29.55 per scm, while the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 31.60 per scm, which has been increased by Rs 1.50 per scm from existing Rs 30.10 per scm, an IGL spokesperson said.In Rewari, the applicable price of domestic PNG would now be Rs 31.20 per scm, which has been increased by Rs 1.30 per scm. "IGL is supplying PNG to over 6.5 lakh households in Delhi and over 3 lakh households in Noida, Greater Noida, Ghaziabad and Rewari," he said. "The revision in retail prices of CNG and domestic PNG has been effected after taking into account the overall impact on the cost, as a result of the increase in prices of domestically produced natural gas notified by the government and appreciation of the dollar as compared to rupee since the last price revision," he said. "However, this increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would be 5 paisa per km, for taxi it would be 8 paisa per km and in case of buses, the increase would be 48 paise per km," he claimed. "With the revised price, CNG would still offer over 61% 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 40%," he said.<doc-sep>This is the second time that retail price of CNG and PNG have been increased within a month. (Photo: Reuters file) After the rise in prices of petrol and diesel due to escalating price of crude oil in the international market, the common people are in for another burden on their pocket. The government has decided to increase the price of LPG cylinder, compressed natural gas (CNG) and piped natural gas (PNG). It says this hike is due to the strengthening of dollar against rupee and the corresponding fluctuation in foreign exchange. The increase on LPG, CNG and PNG is bad news for people because it will result in increased rates of transportation, electricity and fertilisers. ALSO READ | Cooking gas, CNG becomes costlier, price of non-subsidised cylinder hiked by Rs 59 In Delhi, the state-run Indraprastha Gas Limited (IGL) has announced that starting Monday, price of CNG will be increased by Rs 1.70 ker kg. PNG prices too have been increased by Rs 1.30 per standard cubic metres (scm). This is the second time that retail price of CNG and PNG have been increased within a month. On September 1, the price of CNG was increased by 63 paise per kg and PNG by Rs 1.11. Between August 31 and September 30, price of CNG rose by Rs 2.63 and PNG by Rs 2.41. On May 29, CNG prices (in Delhi) went up by Rs 1.36 per kg and was priced at Rs 41.97 per kg. Earlier in April, it was hiked by Rs 2.61 a kg. The latest revised prices have become operational in Delhi, Noida, Greater Noida and Ghaziabad from 12 am Monday. The prices have been raised under the NDA government's formulae of revising gas prices every six month based on the average rates in Russia, the US and Canada. ALSO READ | Petrol price touches Rs 82 per litre in Delhi, inches towards Rs 90 in Mumbai Sources in the Union Petroleum Ministry said the retail prices of CNG and PNG have been impacted by the increases price of domestically produced natural gas, along with strengthening of the dollar against the rupee. The increased gas prices will improve earnings of domestic gas producers like the Oil and Natural Gas Corp (ONGC) and Reliance Industries. However, for the common people, the increased prices of natural gas means costlier electricity and fertilisers (like urea). India imports about 50 percent of its gas requirement. The import is twice the cost of domestic gas. Sources say the increase in domestic gas prices and depreciation of rupee will increase the cost of domestic gas-based power generation by about 10 per cent. From the consumers' perspective, they will have to shell our more for their power bills because the cost of generation has increased. Delhi will perhaps be the most-impacted city due to the increased CNG prices. Buses, autos and cars on Delhi are increasingly switching to CNG. ALSO WATCH | Why are rising fuel prices always blamed on external factors?<doc-sep>
State-run Indraprastha Gas Ltd (IGL) has raised the price of compressed natural gas (CNG) by Rs 1.70 per kg and of domestic piped gas by Rs 1.30 per standard cubic metres (scm) in Delhi, effective Monday, following a change in the rate of domestic natural gas prices payable to producers. As part of the six-monthly official revision of rates, the domestic natural gas price will go up from October 1 to $3.36 per million British thermal unit (mbtu), from the current $3.06. IGL has also raised the price of CNG by Rs 1.95 per kg in Noida, Greater Noida and Ghaziabad. “The new consumer price of Rs 44.30 per kg in Delhi and Rs 51.25 per kg in Noida, Greater Noida and Ghaziabad would be effective from midnight of September 30 and October 1,” an IGL release said. “The price of CNG being supplied in Rewari is being increased by Rs 1.80 per kg from Rs 52.25 per kg to Rs 54.05 per kg. The price of piped natural gas (PNG) to households in Noida, Greater Noida and Ghaziabad have also been raised by Rs 1.50 per scm. “The revision in retail prices of CNG and domestic PNG has been effected after taking into account the overall impact on the cost, as a result of the increase in prices of domestically produced natural gas notified by the government and appreciation of the dollar as compared to rupee since the last price revision,” it added. State-run oil marketer, Indian Oil Corporation (IOC), on Sunday also announced a marginal increase of Rs 2.89 per cylinder in the price of subsidised LPG cylinder for domestic customers in Delhi for October. “While the price of non-subsidised LPG at Delhi will increase by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, the actual impact on subsidised domestic LPG customers is only Rs 2.89 per cylinder, which is mainly due to GST,” IOC said. “The subsidy transfer in customers’ bank account has been increased to Rs 376.60 per cylinder in October 2018, as against Rs 320.49 per cylinder in September 2018,” it added.