Pune, March 3, 2023 โ Torrent Gas Pune Limited, a leading compressed natural gas (CNG) provider in Pune district, has announced an increase in its CNG retail price.
The company has decided to increase the CNG price from Rs. 93 per kg to Rs. 94 per kg as of midnight on March 3, 2023 (00:00 on March 4, 2023).
The decision to raise the price of CNG has been taken due to the increase in the cost of natural gas and transportation. The company sources its natural gas from various fields across the country and transports it to its CNG stations via pipelines.
According to the company statement, the exact time and dispenser readings will be recorded in the presence of the Dealer/Manager, which will be used for bi-weekly billing. The change will be effective at all stations where CNG supply is done by Torrent Gas Pune Limited.
The price increase is likely to affect the daily commute of CNG vehicle owners in the Pune district. However, Torrent Gas Pune Limited has assured its customers that it remains committed to supplying high-quality CNG at affordable prices.
Torrent Gas Pune Limited operates a number of CNG stations throughout the Pune district, providing a clean and cost-effective alternative to conventional fuels. The company has been at the forefront of promoting CNG as a sustainable transportation fuel and has been actively expanding its network of CNG stations in the region.
The price hike is expected to generate some revenue for the company, which can be used for future expansion and development. However, the move is likely to face criticism from consumers, who may find it difficult to absorb the extra cost.
As the CNG price hike comes into force, it remains to be seen how it will affect the overall CNG market in the Pune district and whether other market players will follow suit.
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