New Delhi: Indraprastha Gas Ltd on Saturday hiked price of CNG it sells to automobiles in national capital by Rs 0.30 per kg to Rs 29.30 per kg.
IGL, the sole supplier of CNG to automobiles and piped cooking gas to households, raised compressed natural gas (CNG) price in Delhi, Noida, Greater Noida and Ghaziabad with effect from midnight tonight, the company said in a press statement.
"The correction in prices would result in an increase of 30 paise per kg in the consumer price of CNG in Delhi and 35 paise per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad," it said.
The new consumer price of Rs 29.30 per kg in Delhi and Rs 32.85 per kg in Noida, Greater Noida and Ghaziabad would be effective from midnight on Saturday night.
Explaining the reason leading to the revision in the price of CNG, IGL Managing Director Rajesh Vedvyas said that the minor adjustment in rates was done because of increase in operating expenses as a result of revision of minimum wages by the government.
"Despite the aforesaid prices increase, CNG would still offer nearly 64 per cent savings towards the running cost when compared to petrol driven vehicles at the current level of prices. When compared to diesel, driven vehicles the economics in favour of CNG at revised price would be over 22 per cent," he added.