Indraprastha Gas Ltd (IGL), which supplies compressed natural gas (CNG) and piped cooking gas in Delhi, Noida, Greater Noida and Ghaziabad, has hiked prices.
The CNG price would be revised by Rs 4.50 a kg in Delhi and Rs 5.15 a kg in Noida, Greater Noida and Ghaziabad. The new retail price would be Rs 50.10 a kg in Delhi and Rs 56.70 a kg in Noida, Greater Noida and Ghaziabad.
Similarly, the new consumer price of piped cooking gas to households in Delhi has been revised from Rs 27.50 per scm to Rs 29.50 per scm (up to consumption of 30 scm in two months). Beyond consumption of 30 scm in two months, the rate would be Rs 52 per scm. Due to the differential tax structure in the State of Uttar Pradesh, the applicable price of domestic piped gas in Noida, Greater Noida and Ghaziabad would be Rs 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs 29 per scm.
Beyond consumption of 30 scm in two months, consumers would have to pay Rs 54 per scm. The company said it was raising prices due to increase in input costs because of reallocation of domestically produced gas quantities by the Government for all city gas distribution companies across the country.
“There has been a reduction in allocation of APM (administered price mechanism) gas to us, which is forcing us to source more quantity of market-priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent,” IGL said.
In addition, there has also been an increase in the operating expenses including increase in minimum wages announced by the Government with effect from October, it added.