Indraprastha Gas Ltd (IGL) has reduced the retail consumer price of CNG by Rs 2.50 per kg across all geographical areas of the company from 6 am on Thursday, March 7.
After the reduction in CNG prices, the revised selling price of CNG in Delhi shall be Rs 74.09 per kg, while it shall be Rs 78.70 per kg in Noida, Greater Noida and Ghaziabad GA from 6 am Thursday morning.
The company stated that the retail consumer price of CNG is being reduced by Rs 2.50 per kg across all geographical areas of IGL from 6 am on Thursday, 7th March 2024.
The retail consumer price of CNG is being reduced by Rs 2.50 per kg across all geographical areas of IGL from 6 am on Thursday, 7th March 2024.@PetroleumMin (1/2)
— Indraprastha Gas Ltd (@IGLSocial) March 6, 2024
Incorporated in 1998, Indraprastha took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited). The project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors.
With the backing of strong promoters – GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL) – IGL plans to provide natural gas in the entire capital region.
Earlier on Tuesday, Mahanagar Gas (MGL) had cut prices of compressed natural gas by Rs 2.5 per kg to Rs 73.50 per kg in Mumbai. In a late evening statement, the company said the prices are being reduced from midnight of March 5 due to a dip in gas input costs.
In Mumbai, the CNG price now offers savings of 53 per cent compared to petrol and 22 per cent compared to diesel at current price levels in the financial capital, the statement said.
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