All about CNG price hike in Delhi Noida, Greater Noida and Ghaziabad

30.9.11

Compressed Natural Gas (CNG) rates were hiked by a steep Rs 2 per kg today, mainly on account of a fall in the rupee value against the US dollar, pushing up the cost of inputs.


 CNG will cost Rs 32 per kg in Delhi from midnight tonight, as against Rs 30/kg at present.

In  Noida, Greater Noida and Ghaziabad, CNG will cost Rs 2.30 per kg more -- at Rs 35.90/kg .

The government has fixed the price of domestic gas produced by state-owned ONGC and Reliance in US dollar terms and every time the rupee depreciates against the US currency, users end up paying more. Gas from both Reliance and ONGC is priced at USD 4.20 per million British thermal units.



On top of the basic gas price, state gas utility GAIL charges a marketing margin in US dollars for the effort involved in selling the gas produced by ONGC. GAIL charges a marketing margin of $0.11 per mmBtu, while Reliance also charges a $ 0.135 per mmBtu marketing margin.
 
Source http://timesofindia.indiatimes.com/city/delhi/CNG-price-hiked-by-Rs-2-in-Delhi-from-Oct-1/articleshow/10182417.cms