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

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Capital’s monopoly CNG player Indraprastha Gas Ltd (IGL) has decided to increase prices by Rs 0.30, pushing it to Rs 29.30 per kg. This is the second rise in prices the current calendar year.


The capital city has more than 400,000 CNG vehicles. An IGL official said the increase has been on account of rise in operational costs. The first rise was taken in January when prices rose by Rs 1.25 per kg. Between last June when APM gas prices were increased and now, CNG price in Delhi has gone up by nearly 34 per cent.




By contrast, petrol price has seen an increase of nearly 22 per cent since decontrol on June 26 last year.

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