Adani Gas reduces CNG, domestic piped natural gas prices

Adani Gas Ltd. (AGL) has announced a reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across 19 locations.

Adani Gas Ltd. (AGL) has announced the reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across 19 geographical areas. Adani Total Gas has reduced the price for domestic PNG by up to Rs 3.20 per sub-cubic metre (SCM), while CNG price has been slashed by Rs 4.7 per kg.

"The reduction in gas prices has been effected from 17 August 2022 across 19 geographical areas covered by ATGL, which will result in considerable savings for the lakhs of consumers we serve," Adani Gas Total in a statement said.

In a statement, Adani Gas Total said, “Adani Total Gas welcomes the continued support of the Union Ministry of Petroleum and Natural Gas to city gas distribution companies by way of the recent decision to increase the allocation of domestic gas and revise downward the Unified Base Price (UBP) applicable for CNG and Home PNG."

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"While market-linked imported RLNG has been witnessing volatile and significantly higher international prices, ATGL had been calibrating the pass-through of an increase in the price of RLNG or UBP to take care of consumer interests," it said.

The statement further read, "The recent intervention by the Government of India has helped the CGD industry to moderate down the prices of CNG and Home PNG to the end consumers. Adani Total Gas, in line with its stated policy of taking care of consumer interest, has immediately reversed the increase effected in the prices and reduced the price for domestic PNG by up to Rs 3.20 per SCM and that of CNG by up to Rs 4.7 per kg."