Govt revises gas pricing formula; CNG, piped cooking gas to cost 10% less
1 year, 8 months ago

Govt revises gas pricing formula; CNG, piped cooking gas to cost 10% less

Deccan Chronicle  

NEW DELHI: The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. The ceiling price is lower than the current rate of USD 8.57 per mmBtu and would translate into a reduction in prices of piped cooking gas as well as CNG sold to automobiles, he said. Piped cooking gas prices will be cut by up to 10 per cent across cities while CNG will see a little lower reduction, he said. The global spurt in energy prices post Russia's invasion of Ukraine has led to rates of locally produced gas climbing to record levels - USD 8.57 per million British thermal unit for gas from legacy or old fields and USD 12.46 per mmBtu for gas from difficult fields in six month period ending March 31.

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History of this topic

ONGC to receive 20% premium over APM price for new natural gas wells, Government approves
4 months, 1 week ago

ONGC to receive 20% premium over APM price for new natural gas wells, Government approves

The Hindu  

The government has approved a 20% premium over the regulated or APM price for any natural gas that ONGC will produce from new wells, the company said on Monday. "As per guidelines for domestic gas pricing, domestic natural gas price was fixed at 10 per cent of the Indian crude basket price as announced by Petroleum Planning and Analysis on …

Gas price for Reliance to be reduced by 14% from next month
1 year, 3 months ago

Gas price for Reliance to be reduced by 14% from next month

The Hindu  

The price of natural gas produced from difficult areas like KG-D6 of Reliance Industries is likely to be cut by about 14% from next month in line with softening energy prices, sources said. For the six-month period starting October 1, the price of gas from deep sea and high-pressure, high-temperature areas is likely to be cut to around USD 10.4 …

LPG Commercial Cylinder Slashed By Rs 83.50; Will Domestic Cooking Gas Become Cheaper?
1 year, 6 months ago

LPG Commercial Cylinder Slashed By Rs 83.50; Will Domestic Cooking Gas Become Cheaper?

News 18  

LPG Commercial Cylinder Price: The prices of liquefied petroleum gas have been slashed by Rs 83.50. Before April, petroleum and oil marketing companies had hiked the price of domestic LPG cylinders by Rs 50 on March 1. Domestic LPG Cylinder Price Indian Oil has not made any change in the price of domestic LPG cylinders even today. Then the Oil …

New pricing to benefit gas distributors
1 year, 8 months ago

New pricing to benefit gas distributors

Live Mint  

Gas distribution companies have emerged as major beneficiaries of the implementation of the Kirit Parikh Committee recommendations which has seen domestic gas prices revised down to $6.5 per mmBtu from $8.57 per mmBtu earlier. The key recommendations of Kirit Parikh Committee on natural gas pricing accepted included imposing a floor price of $4/mmBtu and ceiling on prices of $6.5/mmBtu, to …

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here
1 year, 8 months ago

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here

Live Mint  

GAIL Gas Ltd, the city gas arm of the nation's largest gas firm GAIL Ltd, announced a reduction of up to ₹7 in the prices of CNG and piped cooking gas. GAIL Gas cut the price of the gas that households received through piped natural gas, or PNG, by ₹7 per standard cubic metre in Bengaluru and Dakshin Kannada and …

CNG, piped cooking gas prices reduced in Delhi-NCR. Check latest rates
1 year, 8 months ago

CNG, piped cooking gas prices reduced in Delhi-NCR. Check latest rates

Hindustan Times  

The prices of CNG and cooking gas piped to household kitchens in the national capital on Saturday were cut by up to ₹6 - the first reduction in two years - after the government changed the pricing formula of natural gas. Simultaneously, the rates of gas piped to household kitchens, called piped natural gas, has been cut to ₹48.59 per …

CNG, piped cooking gas price cut by up to ₹6 in Delhi
1 year, 8 months ago

CNG, piped cooking gas price cut by up to ₹6 in Delhi

Live Mint  

In the first reduction in two years, the prices of CNG and piped cooking gas to household kitchens in Delhi have been cut by up to ₹6 on Saturday. After the recent cut in prices, CNG in Delhi will now cost ₹73.59 per kg, down from ₹79.56, Indraprastha Gas Ltd - the firm which retails CNG and piped cooking gas …

Adani Total Gas Limited cuts CNG, PNG rates, check out new price
1 year, 8 months ago

Adani Total Gas Limited cuts CNG, PNG rates, check out new price

Hindustan Times  

Adani Total Gas Limited has reduced the price of compressed natural gas by up to ₹8.13 per kg and similarly the price of piped natural gas by up to ₹5.06 per standard cubic metre, news agency ANI reported. The Cabinet decision was based on the recommendations of an expert panel headed by economist Kirit Parikh which proposed a floor of …

How revision in domestic gas pricing will reduce CNG and PNG prices- Explained
1 year, 8 months ago

How revision in domestic gas pricing will reduce CNG and PNG prices- Explained

Live Mint  

A day after revising the domestic gas pricing guidelines, the Union Cabinet on Thursday imposed a cap or ceiling price which can help to reduce prices of CNG and piped cooking gas prices by up to 10%. Earlier, the prices of natural gas produced from legacy or old fields, also known as APM gas was priced based on the benchmark …

PNG, CNG prices set to reduce as Cabinet announces new pricing mechanism
1 year, 8 months ago

PNG, CNG prices set to reduce as Cabinet announces new pricing mechanism

Hindustan Times  

The Cabinet on Thursday announced a new pricing mechanism for the bulk of domestically-produced natural gas by state-run explorers : 10% of India’s monthly average import price of crude oil with a floor of $4 per unit and a cap of $6.5. APM or the administered price mechanism is applicable to those blocks that have been given to state-run explorers …

CNG, piped cooking gas prices hiked by ₹3
2 years, 2 months ago

CNG, piped cooking gas prices hiked by ₹3

The Hindu  

The prices of CNG and cooking gas piped to household kitchens in the national capital on October 8 were hiked by ₹3 each in step with rise in input natural gas prices. Simultaneously, the rates of gas piped to household kitchens, called piped natural gas, was increased to ₹53.59 per standard cubic metre in Delhi from ₹50.59 per scm, according …

Gas price hike: CNG prices may go up by at least Rs 8-12 per kg
2 years, 2 months ago

Gas price hike: CNG prices may go up by at least Rs 8-12 per kg

Deccan Chronicle  

NEW DELHI: CNG prices are likely to be hiked by Rs 8-12 per kg and that of gas piped to household kitchens by over Rs 6 per unit after the government raised the prices of input natural gas to a record, analysts said on Monday. The government last week raised the prices of gas produced from old fields, called APM …

Natural gas prices hiked by 40% to record levels; CNG, PNG to cost more
2 years, 2 months ago

Natural gas prices hiked by 40% to record levels; CNG, PNG to cost more

The Hindu  

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40% to record levels, in step with global firming up of energy rates. Explained | Why natural gas prices are soaring Simultaneously, the price of gas from difficult and newer fields like the …

Natural gas price to rise to record level this week, say sources
2 years, 2 months ago

Natural gas price to rise to record level this week, say sources

India TV News  

Highlights The government-dictated price for natural gas produced in the country is to be revised on October 1 The rate paid for gas produced from old fields is likely to rise to USD 9 per million It is currently at USD 6.1 million British thermal units Natural gas, which is used to generate electricity, make fertiliser and is converted into …

IGL price hike in Delhi: CNG to cost ₹71.61/kg, piped cooking gas ₹45.86
2 years, 7 months ago

IGL price hike in Delhi: CNG to cost ₹71.61/kg, piped cooking gas ₹45.86

Hindustan Times  

Prices of CNG in the national capital on Thursday were hiked by ₹2.50 per kg and that of piped cooking gas by ₹4.25 per unit to record levels on the back of surge in raw material cost. CNG in the national capital territory of Delhi now costs ₹71.61 per kg, up from ₹69.11 per kg, according to the information posted …

On LPG price hike, Congress attacks centre: 'Cost has increased by 2.5 times...'
2 years, 7 months ago

On LPG price hike, Congress attacks centre: 'Cost has increased by 2.5 times...'

Hindustan Times  

NEW DELHI: The Congress on Saturday took a jibe at the Centre after the hike in prices of domestic liquified petroleum gas by ₹50 per cylinder, saying that it has become out of reach for the poor and middle-class households. Congress general secretary Randeep Surjewala took a jibe at the Centre over the LPG price hike and demanded to bring …

CNG price hiked by ₹2.5 per kg, piped cooking gas by ₹4.25
2 years, 8 months ago

CNG price hiked by ₹2.5 per kg, piped cooking gas by ₹4.25

The Hindu  

Prices of CNG in the national capital on Thursday were hiked by ₹2.50 per kg and that of piped cooking gas by ₹4.25 per unit to record levels on the back of surge in raw material cost. CNG in the national capital territory of Delhi now costs ₹71.61 per kg, up from ₹69.11 per kg, according to the information posted …

CNG price hiked by Rs 2.5 per kg in Delhi. Check rates
2 years, 8 months ago

CNG price hiked by Rs 2.5 per kg in Delhi. Check rates

India Today  

The price of CNG saw a hike of Rs 2.5 per kg in Delhi and adjoining cities on Thursday. With a total increase of Rs 15 per kg since March, CNG is now retailing at Rs 71.61 per kg in Delhi. LATEST RATES With effect from 6 am on April 14, here's how much CNG costs per kg in Delhi …

CNG, PNG Price in Mumbai Hiked Again, CNG Costlier by Rs 12/Kg in One Week; Check Rates
2 years, 8 months ago

CNG, PNG Price in Mumbai Hiked Again, CNG Costlier by Rs 12/Kg in One Week; Check Rates

News 18  

The prices of compressed natural gas or CNG has been hike once again by the Mahanagar Gas Limited by Rs 5 per kg. The oil company has also increased the price of domestic piped natural gas by Rs 4.50 per scm in Mumbai Metropolitan Region. Before the latest price hike, CNG was being sold at Rs 67 per kg while …

Mumbai: CNG price increased by Rs 5 per kg, PNG records hike of Rs 4.50 per scm| Check latest rates here
2 years, 8 months ago

Mumbai: CNG price increased by Rs 5 per kg, PNG records hike of Rs 4.50 per scm| Check latest rates here

India Today  

Within a week of steeply increasing the retail price of CNG and PNG, the city gas utility announced another hike in the prices of these fuels by Rs 5/kg and Rs 4.50, effective Tuesday midnight, citing the massive rise in input prices. MGL had on March 31 lowered the retail prices of CNG by Rs 6/kg and for PNG by …

Cooking gas gets costlier: IGL hikes PNG prices by over 16% in Delhi-NCR
2 years, 8 months ago

Cooking gas gets costlier: IGL hikes PNG prices by over 16% in Delhi-NCR

Hindustan Times  

The Indraprastha Gas Ltd, which retails CNG and piped cooking gas in Delhi-NCR, on Friday increased the domestic PNG price by a steep 16.5 per cent. On Thursday, the government further raised the price of gas produced from local fields to a record USD 6.10 per million British thermal unit from USD 2.9. Additionally, CNG price in the national capital …

CNG Price Hiked by 80 Paise, Total Hike at Rs 4 in Last One Month
2 years, 8 months ago

CNG Price Hiked by 80 Paise, Total Hike at Rs 4 in Last One Month

News 18  

CNG price in the national capital on Friday was hiked by 80 paise per kg on the back of the government raising input natural gas prices to record levels. CNG price in the National Capital Territory of Delhi has been increased to Rs 60.81 per kg from Rs 60.01, according to the information posted on the website of Indraprastha Gas …

Govt doubles gas price to record levels; CNG rates may go up
2 years, 8 months ago

Govt doubles gas price to record levels; CNG rates may go up

The Hindu  

The government on March 31 more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG, and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old, regulated fields, such as the nation's largest gas field of Bassein of …

MGL hikes CNG, PNG prices by Rs 2 each
3 years, 2 months ago

MGL hikes CNG, PNG prices by Rs 2 each

India TV News  

Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Mahanagar Gas on Monday increased the retail price of compressed natural gas and piped natural gas by Rs 2 each with immediate effect. Noting that the re-gasified liquefied natural gas price is also at a historical high now, MGL said these …

CNG, piped cooking gas prices may rise 10-11% in October: Report
3 years, 3 months ago

CNG, piped cooking gas prices may rise 10-11% in October: Report

The Hindu  

CNG and piped cooking gas prices in cities such as Delhi and Mumbai may be hiked by 10-11% next month as the government-dictated gas price is set to rise by about 76%, ICICI Securities said in a report. "The expected surge in APM gas prices would present a challenge to city gas distribution players as it would mean a rise …

CNG, PNG Prices Hiked In Delhi From Today; Check Revised Prices For Your State
3 years, 9 months ago

CNG, PNG Prices Hiked In Delhi From Today; Check Revised Prices For Your State

ABP News  

With the petrol-diesel and LPG prices already digging pockets, the common man has now been hit with another blow as the CNG prices in Delhi and adjoining cities have been hiked by another 70 paise per kg. The state-owned Indraprastha Gas Limited has announced to incease prices of the compressed natural gas and piped natural gas, “with effect from 6 …

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