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Business EconomyPosted at: Jul 25 2017 7:32PM


IGL hikes CNG and PNG prices in Delhi, NCR

New Delhi, Jul 25 (UNI) Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd, BPCL and Government of NCT of Delhi, today hiked the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad by Rs 1.11 and Rs 1.27 per kg respectively.
According to a company announcement, the upward revision has been made to offset the overall impact on its costs after transition to GST regime.
The new consumer price of Rs. 38.76 per kg in Delhi and Rs 44.42 per kg in Noida, Greater Noida & Ghaziabad would be effective from 12:00 midnight of 25th/26th July 2017.
IGL will continue to offer a discount of Rs 1.50 per kg in the selling prices of CNG for filling between 12.30 am to 5.30 am at select outlets.
Thus, the consumer price of CNG would be Rs. 37.26 per kg in Delhi and Rs 42.92 per kg in Noida, Greater Noida & Ghaziabad during 12.30 am to 5.30 am at the select CNG stations across the region.
The new consumer price of PNG to the households in Delhi is also being revised by 33 paise per scm from Rs 24.86 per scm to Rs. 25.19 per scm. Due to differential tax structure in the state of Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 26.73 per scm, which has been increased by 36 paise per scm from existing Rs 26.37 per scm.
Under the previous indirect tax regime, IGL was entitled to avail input credits against excise duty and service tax paid on certain goods and services purchased. Since natural gas has been kept outside the ambit of GST, such input tax credits which were earlier available, have been discontinued now leading to additional costs.
In addition, GST has become applicable on transportation charges of input natural gas being purchased post 30th June 2017, which was not the case earlier.
However, this increase would have a marginal impact on the per km running cost of vehicles. For autos, the increase would be 3 paisa per km, for taxi it would be 5 paisa per km and in case of buses, the increase would be 32 paise per km.
With the revised price, CNG would still offer over 57 per cent savings towards the running cost when compared to petrol driven vehicles at the current level of prices. When compared to diesel driven vehicles, the economics in favour of CNG at revised price would be nearly 30 per cent.
UNI ADP SHK 1931
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Tags: #IGL hikes CNG and PNG prices in Delhi# NCR
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