Indraprastha Gas Limited on Wednesday said the retail consumer price of Compressed Natural Gas (CNG) has been reduced by ₹2.50 per kg across all geographical areas of the natural gas distributor from 6 am on Thursday, March 7, 2024. “The revised selling price of CNG in Delhi will be ₹74.09 per kg, while it will be ₹78.70 per kg in Noida, Greater Noida and Ghaziabad from 6 am tomorrow morning", the Indraprastha Gas said in a post on X (formerly known as Twitter).
Incorporated in 1998, Indraprastha took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited). Earlier on Tuesday, Mahanagar Gas Ltd (MGL) reduced the price of CNG to ₹73.50/Kg from March 6, 2024 dip in gas input costs.
"Due to the reduction in gas input cost MGL is pleased to announce a reduction in CNG price by ₹2.5/Kg in and around Mumbai," the MCL said, adding that the CNG price now offers attractive savings of 53% compared to petrol and 22% compared to diesel at current price levels in Mumbai. In December 2023, the CNG price was increased by ₹1 per kg and was sold at ₹76.59 per kg.
The new rates of CNG have come into effect from 6 am on December 14. In 2023, the CNG prices have been increased four times.
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