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CNG value within the nationwide capital on Friday was hiked by 80 paise per kg on the again of the federal government elevating enter pure fuel costs to document ranges.
CNG value within the Nationwide Capital Territory (NCT) of Delhi has been elevated to Rs 60.81 per kg from Rs 60.01, based on data posted on the web site of Indraprastha Fuel Ltd (IGL) — the agency which retails CNG and piped cooking fuel within the nationwide capital.
That is the sixth improve in CNG costs within the final month. In all, charges have gone up by about Rs 4 per kg.
The rise comes on the again of a surge in fuel costs globally.
IGL sources pure fuel from home fields in addition to buys imported LNG. LNG within the spot or present market touched document highs in current months and on Thursday the federal government raised the value of fuel produced from native fields to a document USD 6.10 per million British thermal unit from USD 2.9.
This has pushed prices for IGL, necessitating the value hikes, trade sources stated.
Costs have gone up by about Rs 8.50 per kg this yr alone.
The corporate has, nonetheless, not modified the value of pure fuel piped to family kitchens for cooking.
The rise in CNG costs follows Rs 6.40 per litre hike in petrol and diesel costs in lower than two weeks and a Rs 50 per cylinder increase within the cooking fuel LPG charges.
In Noida, Higher Noida and Ghaziabad, CNG will value Rs 63.38 per kg, whereas in Gurugram the value is Rs 69.17 per kg.
Costs range from metropolis to metropolis relying on the incidence of native taxes corresponding to VAT.
A document 137-day hiatus in petrol and diesel value revision ended on March 22. On the identical day, the value of a 14.2-kg LPG cylinder was elevated to Rs 949.50 within the nationwide capital. In some locations, the LPG value has touched Rs 1,000.
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