After MGL and IGL, Torrent Gas cuts CNG prices by Rs 2.50 per kg – ET EnergyWorld

New Delhi: After city gas retailers in Mumbai and Delhi reduced CNG prices, Torrent Gas On Saturday, it announced a reduction of Rs 2.50 per kg in compressed natural gas (CNG) prices across all its locations. "This makes CNG cheaper by up to 45 percent compared to gasoline and up to 37 percent cheaper compared to diesel," said the company, which has a city gas license to sell CNG to cars and piped cooking gas. to homes in 34 districts. , he said in a statement.

"This reduction in CNG prices has been made with the objective of promoting the use of clean fuel and improving the natural gas ecosystem."

Mahanagar Gas Station, the city gas operator in Mumbai and its adjoining areas, on March 6 announced a reduction of Rs 2.5 per kg in CNG price. Accordingly, the revised price of CNG will be Rs 73.50 per kg.

"MGLCNG price now offers attractive savings of 53 per cent compared to petrol and 22 per cent compared to diesel at the current price levels in Mumbai, while offering convenience, safety, reliability and environmental friendliness unmatched for consumers," the company said in a statement on March 5.

One day later, Indraprastha Gas Ltd announced a similar price reduction in Delhi and neighboring cities. “The retail consumer price of CNG is reducing by Rs 2.50 per kg in all geographical areas of the country. IGL from 6 am on Thursday, March 7, 2024. The revised selling price of CNG in Delhi will be Rs 74.09 per kg, while it will be Rs 78.70 per kg in Noida, Greater Noida and Ghaziabad.

The reductions occur after a drop in input gas prices.

Torrent Gas said it has 428 CNG stations and over 1 lakh piped cooking gas customers in its areas of operation.

"This reduction in the price of CNG, apart from generating greater savings for CNG vehicle owners, is also expected to give a boost to the sale of new CNG vehicles in various segments, including passenger and commercial," he said. .

CNG, which is already known as a clean and green fuel due to its environment-friendly nature, will become even more attractive to vehicle owners with this downward price revision. It will offer greater savings along with better mileage and lower maintenance to all CNG vehicle users, he said.

Speaking about the reduction in the price of gas, the general director of Torrent Gas Manoj Jain "Torrent Gas has always been at the forefront in promoting the use of environmentally friendly CNG. This reduction in CNG prices is expected to increase the demand for new CNG vehicles and increase natural gas consumption in the segment. Of transport".

"Torrent Gas has invested deeply in building CGD network infrastructure in its geographical areas and is continuously working to raise awareness about CNG and piped gas and help consumers adopt economical and environmentally friendly natural gas as a fuel." with the environment".

Torrent Gas holds urban gas licenses for 34 districts in 7 states (TamilnaduTelangana, Uttar Pradesh, Gujarat, Maharashtra, Rajasthan and Punjab) and one Union Territory (Puducherry). Torrent licensed areas across the country have a population of approximately 9 crore, around 7 percent of India's total population.

  • Posted on Mar 9, 2024 at 09:21 am IST

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