CNG automakers have reduced their production targets to 500,000-550,000 vehicles for FY23. At the beginning of the current financial year, this target was 700,000-750,000
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. The government-dictated price for natural gas produced in the country is to be revised on October 1. After factoring in the spike in energy prices witnessed in recent months, the rate paid for gas produced from old fields such as of state-owned Oil and Natural Gas Corporation (ONGC) is likely to rise to USD 9 per million British thermal units from current USD 6.1. Simultaneously, difficult fields like the ones in Reliance Industries Ltd and its partner bp plc operated D6 block in KG basin, are likely to get around USD 12 mmBtu compared to the current rate of USD 9.92, two sources aware of the matter said. These are the highest rates for administered/regulated fields (like ONGC's Bassein field off the Mumbai coast) and free-market areas (such as the KG basin). Also, this w
Over 200,000 autorickshaw drivers and 48,000 taxi drivers are expected to join the indefinite strike
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MGL said total gas sales jumped nearly 44 per cent to 313.75 million cubic meters with CNG sales soaring 64 per cent. EBITDA fell 6 per cent to Rs 285.55 crore in April-June.
The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.
Autorickshaws will charge Rs 23 for the first 1.5 km instead of Rs 21, and Rs 15 for every subsequent kilometer instead of the prevailing rate of Rs 14, an RTA official said.
MGL has increased the retail price of CNG by Rs 4/kg to Rs 80 and that of domestic PNG by Rs 3/SCM (standard cubic metre) to Rs 48.50, in and around Mumbai.
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SIAM sought a reduction in CNG prices and import duties on certain raw materials for steel and plastic products while welcoming the government's decision to lower the petrol and diesel prices.
The price of CNG in the national capital on Saturday was hiked by Rs 2 per kg, the 13th increase in rates in just over two months.
The Indraprastha Gas Limited (IGL), on Saturday, increased the price of Compressed Natural Gas (CNG) by Rs 2 per kg. With this CNG will cost Rs 75.61 per kg with effect from today.
The price of CNG in the national capital has been hiked by Rs 2 per kg, the 12th increase in rates in just over two months.
With the latest hike, CNG is now priced at Rs 73.61 per kg in Delhi, Rs 76.17 per kg in Noida, and Rs 81.94 in Gurugram
Citing a steep hike of 110 per cent in the cost of natural gas supplies, city gas distributor MGL increased the retail price of automobile fuel CNG by Rs 4 per kg
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Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg
Commuters in Delhi may face problems as various unions of auto, taxi and mini bus drivers have decided to go on strike on Monday. The unions have been demanding hike in fare rates and slashing of CNG prices. While most unions said they will be on one-day strike, the Sarvodaya Driver Association Delhi, which has members who drive for cab aggregators, said it will go an "indefinite" strike from Monday. The unions have refused to call of their strike despite an announcement by the Delhi government to form a committee to consider fare revision in a time-bound manner. "We have decided to go on an indefinite strike from Monday in view of no action by the government to help us by slashing prices of fuels and revising fares," President, Sarvodaya Driver Association Delhi, Kamaljeet Gill, said. General secretary of the Delhi Auto Rickshaw Sangh, Rajendra Soni, said the "unprecedented" hike in rates of CNG has taken a toll auto and cab drivers. "We know that the Delhi government is forming
In all, the CNG price has risen by Rs 15.6 per kg in less than six weeks. This includes a Rs 7.50 per kg hike in this month alone