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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 shipping?

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The Job-Interview Tattoo Guy Everyone Go...

The Job-Interview Tattoo Guy Everyone Got Mad at Finally Explains Himself

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Asia

Islamic State says it plans tIslamic State says it plans to issue...

They have paraded their own flag, formed courts and ministries, issued passports and even license plates. Now, the leaders of the Islamic State, the violent jihadist group that has seized parts of... read more »

Imran Khan dares Pakistan government to arrest him

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Bus mishap: 56 killed after passenger bus collides with...

At least 56 people, including 21 women and 18 children, were killed and several others injured today when a passenger bus collided with a truck in Pakistan’s... read more »

Angry Arabs march in north Israel after shooting

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US-led air strikes hit Qaida branch in Syria: Monitor

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Swine flu cases in Bahrain rise to six

TWO more swine flu cases have been recorded in Bahrain this week, bringing the total to six. The GDN yesterday obtained the Health Ministry’s Weekly Feedback Reports circulated to health... read more »

WE CAN DO BUSINESS

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Bank and Gulf Air sign agreement

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Winter Olympics begins

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Hyundai registers record sales in Middle East

MANAMA: Hyundai Motor Company has announced record sales across the Middle East region last year, for the second year in succession. The world’s fourth... read more »

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South Asia

Pakistani Taliban vows revenge af! ter leader's killing

Pakistani Taliban vows revenge af! ter leader’s killing

Islamabad – Confirming the killing of senior leader of the Haqqani Network, Naseeruddin Haqqani, the Pakistani Taliban has vowed to take revenge of the murder. Earlier, leaders of the group... read more »

Australian foreign minister to attend CHOGM in Lanka

Australian foreign minister to attend CHOGM in Lan...

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Most people in Myanmar want constitution amendment: Pol...

Most people in Myanmar want constitution amendment: Poll

Yangon – Myanmar’s opposition party, led by Aung San Suu Kyi, held a regionwide constitutional public opinion poll in Yangon Sunday in the form of... read more »

Raise rights at Sri Lanka summit, rights groups say

Sri Lanka trade show attracts $1 bn investment

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Haqqani network leader’s son killed in Pakistan

Haqqani network leader's son killed in Pakistan

Islamabad – Naseeruddin Haqqani, the son of Haqqani network leader Jalaluddin Haqqani, was killed in a firing incident here Sunday night, a media report... read more »

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North America

Kerry says nuclear weapons important for US national security

Kerry says nuclear weapons important for US national security

US Secretary of State John Kerry has emphasized the importance of nuclear weapons in the defense doctrine of the United States. “It ensures that a strong nuclear deterrent remains the cornerstone... read more »

Bobby Jindal still deciding on 2016

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Obama aware of spying on Merkel: German daily

Obama orders 'review of spy operations'

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German spy chiefs to visit US to investigate claims of ...

German spy chiefs to visit US to investigate claims of snooping on Merkel

London – Germany has decided to send its top intelligence chiefs to the US to investigate the claims that Chancellor Angela Merkel’s phone... read more »

Barack Obama cancels Asia trip due to shutdown

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