Adani Gas Ltd on Wednesday announced a reduction in prices of compressed natural gas (CNG) and piped natural gas (PNG) used for cooking in household kitchens, in line with a cut in raw material rates
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The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said
CNG price in Delhi and its suburbs was on Wednesday hiked by about Re 1 per kg, the seventh increase in rates in 15 months
PNGRB said the ninth CGD bidding round was launched on 12 April for development of city gas networks for the 86 geographical areas (GAs) which includes 174 districts (156 complete and 18 part), spread over 22 states and Union Territories (UTs) in India.
Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening
Price of natural gas, used for generating power, making fertiliser and supplying CNG, was today cut by 18 per cent to USD 2.5 per million British thermal unit, fourth reduction in 18 months.
IGL said sales volume grew 13 percent to 4.34 million standard cubic meters per day from 3.83 mmscmd a year ago
The rate cut follows oil ministry's decision to give city gas distribution firms cheaper domestic gas to meet all their needs for CNG and PNG supplies.
The government on Friday notified the pricing of all domestically produced natural gas at an average of global gas trading hub rates and the cost of imported LNG. Accordingly, the price of gas is expected to be in the range of USD 8.2 to 8.4 per million British thermal units (mBtu) in April as against the current USD 4.2.
A quick look at global cues and stocks in the news ahead of the markets opening today.
Indiraprastha Gas, the monopoly supplier of gas in Delhi, today tanked 45 percent on Dalal St in opening trade after the govt regulator directed it to cut tariffs for certain types of gas in New Delhi
The price action this week resulted in a sequence of lower highs and lows, which is a sign of weakness.