NEW DELHI: Adani Total Gas Limited has announced a reduction in the price of CNG by Rs 8.13 per kg and Piped Natural Gas (PNG) by Rs 5. 06 per cubic metre. Mahanagar Gas Limited (MGL), a subsidiary of Gail India, has also cut the price of CNG by Rs 8 and PNG by Rs 5. The announcement of both the companies comes after implementation of a new mechanism by the Centre to fix the price of domestically produced natural gas.
NGL had also cut CNG prices by Rs 2.5 per kg in February.
After this decision, CNG will be available at Rs 79 per kg and PNG at Rs 49 per SCM. MGL said in a statement that it is happy to pass on the benefit of reduction in prices of domestically produced gas to CNG and PNG consumers.
The changes in the gas pricing formula are based on the recommendations of a committee headed by Kirit Parikh.
