CNG and PNG prices have been cut. After the decision of the government, GAIL (India) Limited has issued new prices. GAIL cuts gas prices by Rs 7.

New Delhi: The reduction in the prices of CNG and PNG used in homes and vehicles has started. The government has approved a new formula to fix the new gas prices. This decision of the government will bring down the prices of CNG and PNG. The country’s largest gas company GAIL (India) Limited has issued new prices after the new pricing formula was approved on Friday.

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GAIL‘s city gas distribution arm GAIL Gas Limited on Sunday cut the prices of CNG and piped cooking gas (PNG) by up to Rs 7, following a reduction in the cost of gas. GAIL Gas has reduced the price of PNG gas by Rs 7 per standard cubic meter (SCM) in Bengaluru and Dakshina Kannada. At the same time, the company has reduced the price of PNG by Rs 6 per unit in other cities where it operates.

The company said in a statement that it has reduced the price of CNG used as a vehicle fuel in Karnataka by Rs 7 per kg. In other areas, the price of CNG has been reduced by Rs 6 per kg. “Gail Gas Limited has announced a significant reduction in prices with effect from April 9 to pass on the benefit of new domestic gas pricing to its customers,” the statement said.

The new rate of PNG will be Rs 52.50 per unit (SCM) in Dewas, Meerut, Sonipat, Taj Trapezium area, Raisen, Mirzapur, Dhanbad, Adityapur and Rourkela. It is Rs 51.50 per unit for Bengaluru and Dakshina Kannada. Similarly, the new price of CNG for Meerut and Sonipat is Rs 85 per kg. 92 per kg for Dewas, Taj Trapezium area and Dehradun; Rs 82.50 per kg for Bengaluru and Dakshina Kannada; 87 per kg for Mirzapur, Rs 91 per kg for Raisen, Dhanbad, Adityapur, Puri and Rourkela.

The company has taken this step after the government amended the formula for pricing natural gas. Due to the revised formula and price cap, the price of natural gas has been reduced from $8.57 to $6.5 per million British thermal unit. Natural gas itself is converted into CNG fuel for vehicles and PNG for cooking in kitchens.