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Monday 3 February 2014

India-- CNG prices to be cut by Rs 15, piped cooking gas by Rs 5: Veerappa Moily

NEW DELHI: CNG prices will be cut by about Rs 15 per kg and cooking gas piped to kitchens by about Rs 5 after government decided to supply cheaper domestic gas to fuel retailers in cities like Delhi and Ahmedabad.

Oil minister M Veerappa Moily said the government has decided to raise allocation of natural gas from domestic fields to city gas entities to 100% from current limit of 80%.

This would be done by cutting supplies to non-core sectors like petrochemicals, steel and refineries. The decision would help in reduction of prices of compressed natural gas (CNG) retailed to automobiles in cities like Delhi and Ahmedabad.

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