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CNG price cut by Rs 15 a kg
Highlights
CNG price cut by Rs 15 a kg, Cooking gas, Oil Secretary Vivek Rae, CNG Gas. Oil Secretary Vivek Rae said while the orders to increase domestic gas supply to CNG entities were issued on Monday.
New Delhi : CNG (compressed natural gas) prices will be cut by a steep Rs 15 per kg and piped cooking gas by Rs 5 after the government rejigged domestic gas supplies to raise allocations to fuel retailers in cities such as Delhi and Ahmedabad.
Oil Minister M Veerappa Moily said the government has now decided to meet all the requirements of CNG and piped cooking gas retailers in the country from domestic fields, sparing them the need to buy costlier LNG (liquefied natural gas).
Oil Secretary Vivek Rae said while the orders to increase domestic gas supply to CNG entities were issued on Monday, the decision will take two to three days to take effect as gas firms tie up and sign new supply agreements.
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