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State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) on Monday hiked the price of compressed natural gas (CNG) by Rs 3.25 a kg, impacting industry and households in the state.
“The hike of Rs 3.25 a kg in CNG prices comes into effect from today. CNG shall now be available at Rs 40.25 a kg at our 110 gas stations across Gujarat,” a GSPC official told PTI.
Earlier in May, the state PSU had raised prices of CNG from Rs 34.45 a kg to Rs 37 a kg, citing non-allocation of gas by the Centre from KG-D6 reserves as the reason for hike.
In the past one year, CNG prices in Gujarat have risen by over 35 per cent, industry sources said. Another city gas distributor (CGD), Adani Gas, that has operations in Ahmedabad and Vadodara, has also raised the prices of natural gas.
“Adani gas has hiked the price of CNG by Rs 2.50 a kg taking the price of natural gas to Rs 40.50 a kg. The hike comes into effect from today,” a top company official said.
The company operates with a network of 54 CNG stations, 47 in Ahmedabad and seven in Vadodara, he said.
GSPC is among the seven city gas distributors along with Gujarat Gas Company, Adani Gas Limited, Charotar Gas Sahkari Mandli, Sabarmati Gas, Vadodara Municipal Corporation, HPCL (has CNG stations only), operating in Gujarat.
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