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Adani hikes PNG price fourth time in October, price up 30% since September

by TLA October 25, 2021October 25, 2021
written by TLA October 25, 2021October 25, 2021
Adani hikes PNG price fourth time in October, price up 30% since September

Ahmedabad: The burden on Amdavadi households consuming natural gas just went up again. Adani Total Gas, which distributes gas in Ahmedabad, Vadodara, and other cities, has revised the price of piped natural gas (PNG) for domestic consumers once more, its fourth hike in October.

Business News

From Rs. 837.20 per million metric British thermal unit (MMBTU) for gas consumption of up to 1.60 MMBTU in September, the price has surged to Rs. 1089.20 per MMBTU from October 24, as per the website of the Adani group company.

For households consuming more than 1.60 MMBTU in a bi-monthly billing cycle, the rate has gone up from Rs. 1004.64 per MMBTU in September to Rs. 1307.04 per MMBTU as of October 24.

Prices are up by over 30% in less than a month, putting tremendous burden on consumers, who are already feeling under the severe price rise of vehicle fuels.

In Ahmedabad, petrol price crossed Rs. 104 a litre on Monday, while diesel price was more than Rs. 103 per litre. CNG price in the city have also gone up by close to 12% in October as the price has risen from Rs. 56.30 per kilo in September to Rs. 62.99 per kilo now. Rickshaw drivers in Ahmedabad have reportedly increased the minimum fare of Rs. 15 to Rs. 20 citing the steep rise in CNG prices.

Gujarat government-owned entity Gujarat Gas has also hiked CNG prices twice in October and is selling the fuel at Rs. 60.78 per kilo in the state. 

An official of a city gas distribution company said the price rise come in the wake of a steep jump in natural gas prices.

The central government revised the price of domestically produced natural gas from $1.79 per MMBTU to $2.90 per MMBTU for October 2021 to March 2022.

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