Gujarat Gas hikes CNG, PNG prices

“Regardless of the 62 per cent improve in costs by the Centre, the Metropolis Fuel Distribution Firms have conservatively elevated the costs. As a substitute of a minimal of Rs 5-6 rise for CNG, we have now elevated it solely by Rs 2.5 per kilogram,” stated an official from Gujarat Fuel which is a pure fuel distribution firm owned by Gujarat State Petroleum Company (GSPC) and is without doubt one of the largest CGD operator within the nation.

The CNG costs in Gujarat have been raised from Rs 54.45 per kilogram and after the brand new costs kick in clients must pay Rs 58.10 per kilogram which incorporates taxes. The elevated costs of pure fuel may even result in a hike in costs of cooking fuel offered by way of pipelines to households. The Piped Pure Fuel (PNG) costs for residential shoppers have been hiked to Rs 25.75 (plus taxes) from the sooner Rs 23.91 per SCM.

The largest improve is for industrial customers of pure fuel. The costs of ceramic and tile items have been raised by Rs 9 to Rs 47 per SCM, whereas for the remainder of the industries the costs will likely be Rs 48.80 per SCM.

“The hike in costs for industrial shoppers like us is Rs 11 per SCM after contemplating the taxes. This may improve our manufacturing prices and it’ll adversely have an effect on our exports within the present sugglish market. This hike comes a month, after the corporate raised the costs by Rs 5 per SCM,” stated Mohan Kundariya, a veteran ceramic business participant from Morbi.

A few days in the past, Adani Whole Fuel Restricted had made the same hike. The CNG costs in Ahmedabad have been raised by Rs 2.56 per kilogram and PNG costs for residential elevated by Rs 2.03 per SCM. The Adani Group firm additionally raised the economic and business PNG costs by Rs 5 and Rs 8 respectively.