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Weak rupee behind Rs 2 per kg CNG price hike in Delhi

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

BT Online Bureau   New Delhi     Last Updated: June 25, 2013  | 13:42 IST

Rupee depreciation led to the second increase in CNG rates since January in the national capital. CNG price in New Delhi was on Monday hiked by Rs 2 per kg.

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

"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.

IGL said there has been a sharp depreciation of the rupee vis-vis dollar in the last one month.

The base price of natural gas being procured by IGL from all its sources -- domestically produced as well as imported liquid gas (LNG or liquefied natural gas) -- are dollar linked thereby making the entire input price totally dependent on price of dollar vis--vis rupee.

Indraprastha Gas Ltd said that it has also revised the consumer price of piped cooking gas (called PNG or piped natural gas) by Re one with effect from Monday midnight. The consumer price of PNG to the households in Delhi will be 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.

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.

With PTI inputs

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