CNG prices to be cut by Rs 15 - CNG prices will be cut by abou- Navbharat Times Photodhamal

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CNG prices will be cut by about Rs 15 per kg and cooking gas piped to kitchens by about Rs 5 after government decided to supply cheaper domestic gas to fuel retailers in cities like Delhi and Ahmedabad.

In This Pic : CNG prices

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Oil minister M Veerappa Moily said the government has decided to raise allocation of natural gas from domestic fields to city gas entities to 100% from current limit of 80%.

In This Pic : CNG prices

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This would be done by cutting supplies to non-core sectors like petrochemicals, steel and refineries. The decision would help in reduction of prices of compressed natural gas (CNG) retailed to automobiles in cities like Delhi and Ahmedabad.

In This Pic : CNG prices

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It will also bring down prices of piped cooking gas to households as cheaper domestic gas will replace costlier imported LNG that entities were using now. "Our target is common man... we want to give common man a relief and in a way this is an anti-inflationary measure," the minister said.

In This Pic : CNG prices

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Presently Mumbai sources all of its gas requirement from domestic fields and as such there will be no cut in rates in the city. However, in Delhi, which presently uses as much as 28% of costlier imported LNG, and cities in Gujarat like Ahmedabad which too were heavily reliant on imported fuel, will see a price cut.

In This Pic : CNG prices

Pic Courtesy : BCCL - Non Copyright