CNG, PNG prices go up

Adani Gas Limited (AGL) on Tuesday announced that it would increase price of CNG in Ahmedabad and Vadodara from Rs 53 to Rs 60.15 per kg with effect from Wednesday.

This revision comes after almost eight months. The price of imported gas has risen by over 30 per cent since April 2012, when the last price revision was effected.

Similarly, Gujarat State Petroleum Corporation (GSPC) has also revised prices upward from Rs 50.20 to Rs 56.90 per kg (with taxes and duties) while domestic PNG prices have been revised to Rs 21.50 per SCM (without taxes) from Rs 18.18, while non-commercial PNG is priced at Rs 28 per SCM (without taxes) from the current prices of Rs 20.80. With respect to industrial PNG the revised prices are Rs 32.10 per SCM(without taxes) from the current Rs 29.20 with effect from Wednesday.

However, in an official press release, AGL also mentioned that Adani Gas has to depend on expensive R-LNG supplies from Petronet LNG Ltd, which imports gas, to fulfil the growing demand by the CNG users.

The price for domestic users will also simultaneously increase from Rs 24.50 to Rs 31 per cubic meter. AGL currently supplies gas to over 1.72 lakh domestic, 700 industrial and 1,250 commercial customers in Ahmedabad and supplies CNG through 55 CNG stations in Ahmedabad and Vadodara. On the other hand, GSPC supplies natural gas to more than 3,95,656 domestic households, 1,532 commercial and non-commercial segments and 1,746 industrial customers. It also supplies CNG through 150 CNG stations across the state.

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