Rupee effect: CNG prices in Delhi up by Rs 2 per kg

New Delhi: CNG price in national capital was today hiked by Rs 2 per kg, the second increase in rates since January, due to rupee depreciation.

Also, piped cooking gas (called PNG or piped natural gas) rates were also increased by Re one with effect from midnight tonight.

CNG sold to automobiles in Delhi will cost Rs 41.90 per kg from midnight as compared to Rs 39.90 currently. The rates of CNG in neighbouring Noida, Greater Noida and Ghaziabad have been hiked by Rs 2.25 to Rs 47.35 per kg.

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“The consumer price of PNG to the households in Delhi is also being revised from Rs 23.50 per standard cubic metre to Rs 24.50 per scm for consumption of up to 30 scm in two months,” Indraprastha Gas Ltd (IGL) said in a statement.

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For consumption of more than 30 scm in two months, the applicable rate in Delhi would be Rs 40.50 per scm. Due to higher taxes in Uttar Pradesh, PNG in Noida, Greater Noida and Ghaziabad would cost Rs 26 per scm, up from Rs 25 per scm for consumption of up to 30 scm in two months.

Price for consumption beyond that level will be Rs 43 CNG price was last hiked on January 5 when rates went up by Rs 1.55 per kg. PNG price was last hiked on February 10 by Rs 1.50 per scm.

“The recent steep appreciation of the dollar vis- -vis rupee as well as the increased dependence on imported LNG has resulted in major increase in our input cost of gas, which has necessitated the increase in retail prices of CNG and PNG,” IGL said.

PTI