 "CNG, PNG gas prices slashed in Gujarat")
In accordance with New Domestic Natural Gas Pricing Guidelines, 2014 issued by Ministry of Petroleum and Natural Gas (MoPNG) wherein price of Domestic Natural Gas stands revised from $ 5.05 per mmBtu to $ 4.66 per mmBtu, city gas distribution (CGD) companies in Gujarat announced cut in prices of compressed natural gas (CNG) and piped natural gas (PNG) in the state.
While state-run GSPC Gas Company cut PNG and CNG prices by Rs 1.17 per standard cubic meter (scm) and Rs 1.30 per kg, respectively, private CGD player Adani Gas reduced the same by 0.74 per scm and Rs 1.34 per kg, respectively. Adani Gas announced the price reduction for Ahmedabad and Vadodara markets.
Talking about the downward revision in gas prices in the state, Gujarat energy minister Saurabh Patel stated that the central government has been supplying natural gas to meet demands for domestic gas and CNG. "Considering the reduction in the gas prices by the Centre, the state-owned GSPC Gas Company has decided to reduce its PNG and CNG prices with effect from April 2, 2015," Patel added.
According to the state government, there are about 250,000 CNG and 1.05 million PNG consumers of GSPC Gas in Gujarat who will be directly benefited from the reduction in prices. On the other hand, in its statement, Adani Gas also stated that the move will benefit its PNG and CNG consumers in cities like Ahmedabad and Vadodara. CNG prices by Adani Gas saw a downward revision of Rs 1.34 kg from from 48.12 per kg to Rs 46.78 per kg, while the price of PNG (domestic) was cut by 0.74 per scm from Rs 24.80 per scm to Rs 24.06 per scm excluding VAT. Adani Gas supplies PNG to about 190,000 households and CNG to approximately 150,000 vehicle users in Ahmedabad and Vadodara markets.
While state-run GSPC Gas Company cut PNG and CNG prices by Rs 1.17 per standard cubic meter (scm) and Rs 1.30 per kg, respectively, private CGD player Adani Gas reduced the same by 0.74 per scm and Rs 1.34 per kg, respectively. Adani Gas announced the price reduction for Ahmedabad and Vadodara markets.
Talking about the downward revision in gas prices in the state, Gujarat energy minister Saurabh Patel stated that the central government has been supplying natural gas to meet demands for domestic gas and CNG. "Considering the reduction in the gas prices by the Centre, the state-owned GSPC Gas Company has decided to reduce its PNG and CNG prices with effect from April 2, 2015," Patel added.
According to the state government, there are about 250,000 CNG and 1.05 million PNG consumers of GSPC Gas in Gujarat who will be directly benefited from the reduction in prices. On the other hand, in its statement, Adani Gas also stated that the move will benefit its PNG and CNG consumers in cities like Ahmedabad and Vadodara. CNG prices by Adani Gas saw a downward revision of Rs 1.34 kg from from 48.12 per kg to Rs 46.78 per kg, while the price of PNG (domestic) was cut by 0.74 per scm from Rs 24.80 per scm to Rs 24.06 per scm excluding VAT. Adani Gas supplies PNG to about 190,000 households and CNG to approximately 150,000 vehicle users in Ahmedabad and Vadodara markets.