CHENNAI: Torrent Gas, a leader in natural gas, has opened the compressed natural gas (CNG) market in Chennai, the only metro in the country where CNG and petroleum natural gas (PNG) were not available at retail until now. The opening of the CNG retail market in Chennai makes it possible for CNG vehicles to circulate more easily in the city, especially for commercial taxi operators, a segment that is predominantly powered by CNG in locations such as Delhi-National Capital Region where CNG is strong There is pump infrastructure.
On Tuesday, Tamil Nadu's Chief Minister MK Stalin inaugurated 25 CNG stations and 1 City Gate Torrent Gas station. Torrent Gas also announced that it plans to spend Rs 5,000 crore in Tamil Nadu for the creation of CNG stations and urban gas distribution (CGD) infrastructure to bring natural gas through pipelines to domestic, industrial and commercial customers and to establish CNG stations.
Torrent Gas has been authorized by the Oil and Natural Gas Regulatory Board (PNGRB) to establish and operate a CGD network and provide CNG and PNG in 33 districts in 7 states and 1 UT. Until now, there were only 12 CNG stations in the entire state of Tamil Nadu.
โAccess to compressed natural gas, which is a cheaper and cleaner alternative to gasoline and diesel, has been a felt need by the people of Tamil Nadu. The widespread availability of CNG and the significant savings will encourage consumers to adopt it, which will have a positive impact on the environment, โStalin said in a statement.
Torrent Gas has priced its CNG offerings at a competitive level, at Rs 51.35 / kg for CNG in Chennai and Tiruvallur, the second lowest CNG price in the country after the NCR region. At this price, the adoption of CNG as a fuel will help Chennai customers save up to 66% over gasoline, 61% over diesel and 42% over LPG for cars. CNG prices are also much more stable compared to gasoline and diesel, which undergo frequent changes, Torrent said.
