Home Business Adani Gas reduces CNG, piped gas prices in line with reductions in raw materials

Adani Gas reduces CNG, piped gas prices in line with reductions in raw materials

by the owl speaks

Adani Gas Ltd reported on Wednesday a decrease in the prices of compressed natural gas (CNG) and piped natural gas (PNG) used for cooking in household kitchens, in line with a decrease in the raw materials. The business, which retails CNG to cars in some districts of Haryana, Gujarat, Rajasthan, Madhya Pradesh and Uttar Pradesh, cut CNG prices to Rs 3.6 per kg from Rs 1.5 per kg.
The amount of natural gas piped for cooking purposes into household kitchens has been reduced by Re 1 per standard cubic meter (scm), the company said in a statement.
Adani Gas said that while the price of CNG in Haryana’s Mahendragarh district has been reduced by Rs 3.6 per kg to Rs 54.20 per kg, the reduction in the states ‘Faridabad and Palwal districts would be Rs 2.75 per kg to Rs 48.02 per kg.
The reduction will be Rs 2.75 per kg in Khurja district of Uttar Pradesh as well as in Ahmedabad and Vadodara in Gujarat.
In Bhind in Madhya Pradesh and Jhansi in Uttar Pradesh, where the CNG will now cost Rs 63.40 per kg, the lowest reduction of Re 1.5.
Adani Gas said the price of PNG was reduced by Re 1 per scm to Rs 29.84 per scm and Rs 29.09 per scm, respectively, in Haryana and Gujarat.
Indraprastha Gas Ltd (IGL) had cut the price of CNG in Delhi last week from Rs 3.20 to Rs 42 per kilogram.
The reduction by IGL in neighbouring Noida, Greater Noida, and Ghaziabad was Rs 3.60 to Rs 47.75 per kg.
IGL had also reported a drop of Rs 1.55 per scm to Rs 28.55 per scm in domestic piped natural gas prices in Delhi.
IGL’s PNG at Noida, Greater Noida, and Ghaziabad will cost Rs 28.45 per scm, down from Rs 30.10 to Rs 1.65 per scm.
Adani Gas and IGL reduce the price charged for natural gas generated from domestic fields by 26 per cent to $2.39 per million British thermal units effective April 1.
On compression, natural gas is converted into CNG and is also supplied via pipes for lighting cooking stoves.
“With the reduction in our already competitive CNG rates, our customers are now expected to make even higher savings compared to petrol and diesel (up to 50 per cent savings over petrol in some geographic areas),” Adani Gas said.
“It would allow all residents in our regional areas to convert their cars to environmentally friendly CNG and help reduce our carbon footprint,” he said.
The company has already developed city gas distribution networks in Ahmedabad, Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh, with headquarters in Ahmedabad.
It has also begun commercial operations in areas it has secured in recent rounds of city gas licensing — Porbandar, Kheda, Surendranagar, Barwala, Navsari in Gujarat, Udaipur in Rajasthan, Bhind in Madhya Pradesh, Jhansi in Uttar Pradesh and Palwal in Haryana.
However, the joint venture between the company and Indian Oil Corp (IOC) has already begun its commercial operations in the cities of Prayagraj, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, Udhamsingh Nagar and Bulandshahar.
“The reduction in CNG prices in the geographical area of Mahendragarh in Haryana is Rs 3.60 per kg. In the areas of Faridabad and Khurja the reduction is Rs 2.75 per kg, while in the areas of Ahmedabad / Vadodara in Gujarat the reduction is Rs 2.25 per kg,” the statement said. “Domestic price cuts for PNG are Rs 1.0 per SCM in all of our geographic areas.”

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