Government slashes CNG prices by Rs 15 per kg

New Delhi: Speaking in this context, Oil Minister Veerappa Moily said, “IGL and other city gas distribution firms will get cheaper domestic gas.”

“In yet another major development on the lines of LPG cylinder cap hike, the government on Monday reduced the price of Compressed Natural Gas (CNG) by Rs 15 per kilogram. It has also slashed the rate of PNG by around Rs 5 per cubic metres. “
Oil Minister Veerappa Moily
Oil Minister Veerappa Moily

Moily further said that IGL and Delhi-based gas entities would get entire requirement of gas from domestic fields as against previous 80 percent.

Earlier, the government had increased the cap on LPG cylinders from nine to 12 and the recent reduction in gas prices is another major relief for the consumers ahead of Lok Sabha polls.

Credit: JPN

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