The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Gujarat

Gujarat Gas Hikes CNG Prices Again, Impacting 22 Lakh Vehicle Owners

by TLAteam December 2, 2024December 2, 2024
written by TLAteam December 2, 2024December 2, 2024
Gujarat Gas Hikes CNG Prices Again, Impacting 22 Lakh Vehicle Owners

Gujarat Gas Limited, a subsidiary of the Gujarat State Petroleum Corporation (GSPC), has announced a price hike of ₹1.50 per kilogram for compressed natural gas (CNG). Effective from December 1, 2024, this increase raises the price from ₹76.26 to ₹77.76 per kilogram.

Business News

This marks the third price hike in 2024, following increases of ₹1 on July 24 and August 1. With the latest hike, the cumulative increase in CNG prices this year has reached ₹3.50 per kilogram.

The recent price adjustments coincide with a notable rise in Gujarat Gas Limited’s profits. The company reported a net profit of ₹409.5 crore in the fourth quarter of 2024, up from ₹326 crore in the same period of 2023, reflecting a 25.6% year-on-year growth.

Industry experts attribute the price hikes to a reduction in cheaper domestic gas supplies by the central government. Domestic Administered Pricing Mechanism (APM) gas supplies have been cut by around 50%, forcing distribution companies to procure gas at $9–$10 per unit instead of the earlier $6.50.

Gujarat Gas operates an extensive network of 185 CNG stations in South Gujarat, 221 in the Saurashtra region, 112 in Central Gujarat, 45 in the northern region, and six in the Union Territory of Dadra and Nagar Haveli.

According to the Federation of Gujarat Petroleum Dealers Association (FGPA), the hike will directly affect approximately 12 lakh commercial vehicles, including 4 lakh CNG auto-rickshaws and 6 lakh four-wheelers, as well as public transport buses.

Sources in the oil and gas sector point out that gas consumption typically increases during the winter months. This seasonal demand, combined with reduced availability of lower-cost domestic gas, has created additional pressure on distribution companies.

The price hikes have sparked concerns among vehicle owners and transport operators, as rising fuel costs directly impact their operational expenses. While Gujarat Gas Limited has not announced further adjustments, industry analysts suggest that continued market volatility and domestic gas supply constraints could lead to additional price increases in 2025.

This upward trend in CNG pricing underscores the challenges faced by both distribution companies and consumers in balancing affordability with fluctuating supply costs.

0 comment
previous post
Smart meter prepaid customers to get 2% rebate, says Gujarat energy minister
next post
Ahmedabad records minimum temperature of 15.4°C

You may also like

Het Joshi, Enrolled via Shala Praveshotsav, Becomes Doctor

June 29, 2025

Gujarat to Launch All-Women Drone Squad Under SHE...

June 29, 2025

Heavy Rainfall Floods Low-Lying Areas in Surat; Relief...

June 28, 2025

Gujarat HC Virtual Hearing Shocker: Man Joins from...

June 27, 2025

Smart Study on a Student Budget: Free and...

June 27, 2025

Ahmedabad Jagannath Rath Yatra 2025: Lord Sets Out...

June 27, 2025

Sitharaman reviews GIFT IFSC’s progress, interacts with market...

June 27, 2025

Thousands Gather to Witness Lord Jagannath’s Reappearance Before...

June 27, 2025

Heavy Rain Lashes Saurashtra, South Gujarat; IMD Issues...

June 27, 2025

Gujarat Rath Yatra: Chaos in Ahmedabad as Elephants...

June 27, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Het Joshi, Enrolled via Shala Praveshotsav, Becomes Doctor

    June 29, 2025
  • Gujarat to Launch All-Women Drone Squad Under SHE Team

    June 29, 2025
  • Vantara Steps In After Rath Yatra Chaos Elephants Given Medical and Behavioural Care Post Procession Incident

    June 29, 2025
  • AMC to Build ₹51 Crore Sports Complex in Vastral, Completion by August 2025

    June 29, 2025
  • Water Tanks Collapse at Ahmedabad Apartment Raises Structural Safety Concerns

    June 29, 2025
December 2024
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Nov Jan »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.