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In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
Nearly 4 million Afghan children acutely...

Nearly 4 million Afghan children acutely malnourished

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Polls open in Zambia presidential electi...

Polls open in Zambia presidential election as economic reforms tested

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Will the Houthis shut down Saudi Arabian...

Will the Houthis shut down Saudi Arabian shipping?

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Africa

No stability in Egypt unless coup is reversed: Morsy

No stability in Egypt unless coup is reversed: Morsy

Egypt’s ousted President Mohamed Morsy accused the military chief who deposed him of treason in a message from prison read by lawyers on Wednesday, saying the country cannot return to stability... read more »

29 killed in South Africa bus accident

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Four men charged with Westgate mall attack appear in Ke...

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Two killed, 29 injured in Libyan clashes

Two killed, 29 injured in Libyan clashes

Tripoli – At least two people were killed and 29 injured as deadly clashes erupted here Friday night between local militia and a brigade from Misrata... read more »

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Asia

Chinese hackers snooped on five EU ministries, says US security firm

China gives former general suspended death sentence for bribery

BEIJING – A top Chinese military officer has been given a suspended death sentence for corruption, state media said Monday, in a case where he was exposed as owning dozens of homes, gold statues... read more »

Fourth secular blogger hacked to death in Banglade...

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Landslides and floods claim 90 lives in Nepal

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At least 30 killed in Nepal landslides

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Two Turkish police killed in gun attack blamed on PKK: ...

ISTANBUL: Two Turkish police were killed Friday in a gun attack on police headquarters in the southern region of Adana blamed on Kurdish militants, the... read more »

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China

8 killed in floods after typhoon hits China

8 killed in floods after typhoon hits China

Eight people were killed and over 1,000 students were trapped in floods after rainstorms in several areas in China triggered by typhoon Haiyan. Two people have died and four remain missing after a... read more »

China on high alert as super typhoon hits coast

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China to discuss key economic reforms in `secret` Third...

China to discuss key economic reforms in `secret` Third Plenum

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China rebuts US’ accusation of cyber attacks

China rebuts US' accusation of cyber attacks

Beijing – While rubbishing the US accusation that the Chinese military was carrying out cyber attacks, the Chinese government Thursday urged the US to... read more »

China urges flexibility on Iran nuclear talks in Geneva

China urges US to respect air defence zone

Beijing – China Thursday called on parties concerned to adopt a flexible and pragmatic approach, as they began a new round of talks on the Iran nuclear... read more »

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Middle East

Netanyahu warns Gaza civilians after Israel destroys apartment to...

Prime Minister Benjamin Netanyahu warned Palestinian civilians on Sunday to leave immediately any site where militants are operating, one day after Israel took the Gaza war to a new level by... read more »

Israeli aircraft bomb Gaza, five Palestinians kill...

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New Zealand becoming popular with Indian students

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Israel, Gaza militants trade fire after talks fail

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India-headed Nigerian dies showing Ebola symptoms

ABU DHABI: A 35-year-old Nigerian woman, who was travelling to India for treatment of cancer, died while in transit after showing symptoms similar to those of... read more »

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South Asia

Kashmir can trigger fourth war with India: Sharif

Kashmir can trigger fourth war with India: Sharif

Islamabad – Kashmir is “a flashpoint and can trigger a fourth war” with India, Pakistani Prime Minister Nawaz Sharif has said, adding that he would push for early settlement of the... read more »

Sharif warns delaying Kashmir dispute could lead to war with India

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Islamabad – Pakistani Prime Minister Nawaz Sharif has warned that failure to resolve the Kashmir dispute with India could lead to a fourth war... read more »

India, China emerging as more important US allies: Surv...

India, China emerging as more important US allies: Survey

Washington – While growing numbers of Americans believe th! at US global power and prestige are in decline, top foreign policy experts think China and... read more »

Pak army’s new leader takes over

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The new leader of Pakistan’s army took office Friday, amid the country’s struggle against militants and ahead of next year’s withdrawal of international... read more »

Raheel Sharif takes over Pakistan Army command

Pak's new army chief Gen Raheel has no presence on Facebook, Twitter

Islamabad – General Raheel Sharif formally assumed the command of the Pakistan Army Friday, two days after Prime Minister Nawaz Sharif picked him to lead... read more »

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Europe

Blairs angry and confused over Tony’s affair with Murdoch's ex-wife Wendi Deng claims

Blairs angry and confused over Tony’s affair with Murdoch’s...

London – Former British prime minister Tony Blair’s wife Cherie is fuming over claims that her husband had affair with Rupert Murdoch’s ex-wife Wendi Deng. It is believed the ferociously... read more »

Iranian n-programme makes 'important first step': David Cameron

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London – British Pri! me Minister David Cameron said Sunday that the agreement reached on Iran’s nuclear programme in Geneva was... read more »

Britain calls Geneva deal on Iran ‘encouraging...

Britain calls Geneva deal on Iran 'encouraging'

London – British Foreign Secretary William Hague has hailed the agreement reached between the P5+1 group and Iran on the latter’s nuclear programme... read more »

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UN condemns UK immigration bill for creating 'climate of ethnic profiling'

London – UK Prime Minister David Cameron has been asked to justify allowing export of machine guns and assault rifles to Sri Lanka, despite his recent... read more »

Women rescued from UK house after 30 years

Women rescued from UK house after 30 years

Three women enslaved for 30 years have been rescued from a house in London including one who has spent her entire life in domestic servitude, police said on... read more »

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North America

Obama assuages Netanyahu on Iran post 'historic blunder' remarks

Obama assuages Netanyahu on Iran post ‘historic blunderR...

Washington – President Barack Obama has reaffirmed Israeli Prime Minister Benjamin Netanyahu on working out a comprehensive solution for preventing Iran from developing a nuclear weapon, after... read more »

Historic deal limits Iran's ability to make a bomb: Obama

Historic deal limits Iran’s ability to make ...

Washington – As ! Iran and six world powers struck a historic deal early Sunday over Tehran’s nuclear programme, US President Barack... read more »

Iran deal ‘important first step’: Obama

Obama names acting Pentagon deputy chief

U.S. President Barack Obama says a nuclear deal with Iran is an “important first step” toward addressing the world’s concerns over the Islamic... read more »

U.S. spied on Netherlands from 1946 to 1968: Snowden do...

U.S. spied on Netherlands from 1946 to 1968: Snowden documents

The United States spied on the Netherlands from 1946 to 1968, the Dutch NRC newspaper quoted Snowden documents as showing on Saturday. It was not clear who was... read more »

Obama says not worried about personal safety

Obama says not worried about personal safety

Washington – President Barack Obama has said he is not much worried about his own safety, while reflecting on the assassination of President John F.... read more »

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