GAIL slashes prices of CNG across 20 cities
9 months, 2 weeks ago

GAIL slashes prices of CNG across 20 cities

Hindustan Times  

​GAIL India on Saturdayannouncedslashing of compressed natural gas prices by ₹2.50 a kg in 20 cities, including Bengaluru, Patna, Ranchi and the Taj Trapezium Zone, brightening prospects of petrol and diesel rates cut as state-run energy firms are reducing retail prices of fuels ahead of the 2024 general elections. GAIL’s decision coincides with the move of three major state-run oil marketing companies -- Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum – reducing cooking gas rates by ₹100 per cylinder for all 360 million customers, as announced by Prime Minister Narendra Modi on Friday. The three oil marketers have posted about ₹70,000 net profit in first three quarters of current financial year, as against combined net profit of ₹1,137.89 crore in the entirety of 2022-23, and are expected to make significant profits even in the three months to March as average international crude oil rates are more or less stable, he said. OMCs froze petrol and diesel rates on April 6, 2022, to check international oil price volatility and the central government reduced excise duty twice to protect Indian consumers when average crude oil purchase prices of the Indian basket surged from $73.30 per barrel in December 2021 to $112.87 a barrel in March 2022, and further to $116.01 a barrel in June 2022.

History of this topic

CNG price hiked by ₹2 in Mumbai, Noida, Gurugram | Check new rates
4 weeks ago
CNG prices hiked by Rs 2 in Mumbai, other cities; election bound-Delhi spared
4 weeks, 1 day ago
CNG price hiked in Mumbai, other cities by Rs 2 per kg, check latest rate in your area
4 weeks, 1 day ago
After CNG price increase, auto unions demand ₹3 hike in base fare
1 month ago
IGL, Mahanagar Gas, Gujarat Gas stocks fall up to 40% in three months. What lies ahead for these CGD Stocks?
1 month ago
CNG prices may go up by ₹6, here’s the reason
2 months ago
ATF price cut 6.5% to ₹94,969.01/kl, 19-kg commercial LPG price cut by ₹69 to ₹1,676/cylinder
6 months, 3 weeks ago
LPG price cut ahead of elections: Oil marketing companies slash rates for 19-kg commercial. Check revised rate
8 months, 3 weeks ago
Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5
8 months, 3 weeks ago
CNG prices reduced by ₹2.50 in Delhi-NCR. Check new rates
9 months, 2 weeks ago
Mahanagar Gas shares fall most in four years: 2 major reasons behind decline. Will it continue?
9 months, 2 weeks ago
CNG prices reduced in Mumbai by Mahanagar Gas. Check new rate here
9 months, 2 weeks ago
CNG prices reduced in Delhi-NCR. Check new rates in Noida, Ghaziabad, other regions
9 months, 2 weeks ago
Centre slashes ATF prices by ₹1,221 per kl in Delhi ahead of Budget 2024
10 months, 3 weeks ago
ATF price cut by 4%; commercial LPG rates slashed marginally
11 months, 3 weeks ago
CNG price hiked across Delhi-NCR from today | Check news rates
1 year, 1 month ago
Commercial LPG Cylinder Gets Cheaper by Rs 57.50; Check Rates in Delhi, Other Cities
1 year, 1 month ago
MGL slashes CNG prices in Mumbai, Check new rates here
1 year, 2 months ago
Gujarat Gas top pick in City Gas Distribution space: Motilal Oswal
1 year, 3 months ago
Mint Explainer: Why the government cut LPG prices by ₹ 200
1 year, 3 months ago
LPG price cut due to impact of INDIA alliance: Mamata Banerjee
1 year, 3 months ago
New pricing to benefit gas distributors
1 year, 8 months ago
CNG, PNG prices drop, which oil and gas stocks to buy?
1 year, 8 months ago
GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here
1 year, 8 months ago
CNG, piped cooking gas prices reduced in Delhi-NCR. Check latest rates
1 year, 8 months ago
CNG, piped cooking gas price cut by up to ₹6 in Delhi
1 year, 8 months ago
MGL slashes CNG price by ₹8, PNG by ₹5 in city
1 year, 8 months ago
Adani Total Gas Limited cuts CNG, PNG rates, check out new price
1 year, 8 months ago
Mahanagar Gas Limited reduces CNG price by ₹8 per kilogram
1 year, 8 months ago
PNG, CNG prices set to reduce as Cabinet announces new pricing mechanism
1 year, 8 months ago
Commercial LPG cylinder prices reduced by Rs 91.50 in Delhi, no changes in domestic cylinder rates
1 year, 8 months ago
India to cut gas prices from April 1, report says
1 year, 8 months ago
Petrol, Diesel Prices In India Unlikely To Be Cut Despite Cheaper Crude Oil: Report
1 year, 9 months ago
LPG cylinder prices increased- domestic rate hiked by Rs 50, commercial by Rs 350 in Delhi- Check details
1 year, 9 months ago
Auto, Taxi Fares Increased In Delhi Over Rising CNG Prices. Check Revised Rates
1 year, 11 months ago
IGL hikes CNG prices in Delhi-NCR, other cities | Check latest rates
2 years ago
Petrol, diesel prices slashed by 40 paise per litre? Here's what oil companies say
2 years, 1 month ago
CNG, piped cooking gas prices hiked by ₹3
2 years, 2 months ago
Gas price hike: CNG prices may go up by at least Rs 8-12 per kg
2 years, 2 months ago
Natural gas prices hiked by 40% to record levels; CNG, PNG to cost more
2 years, 2 months ago
Govt allocation helps Adani Gas cut prices of PNG and CNG. Details here
2 years, 4 months ago
Piped Cooking Gas Price Hiked in Delhi, Noida, Gurugram, from Today; Know New Rates
2 years, 4 months ago
PNG price hike: IGL increases rates by upto Rs 56.23 | CHECK REVISED RATES in your city
2 years, 4 months ago
CNG price hiked by ₹6 per kg in Pune
2 years, 4 months ago
Price of commercial LPG cut down by Rs 36, check revised rates in your city
2 years, 4 months ago
Petrol, Diesel Become Cheaper after Centre's Excise Duty Cut; Check Fuel Rates Today
2 years, 6 months ago
Can CNG vehicle owners expect relief after petrol and diesel rate cut?
2 years, 7 months ago
Petrol price down by ₹8.69, diesel by ₹7.05
2 years, 7 months ago
Petrol, diesel prices slashed, LPG subsidies: 6 big announcements by FM
2 years, 7 months ago

Discover Related