Adani Total Gas slashes gas prices

Adani Total Gas Limited (ATGL) has reduced the price of Compressed Natural Gas (CNG) by Rs 8.13 per kg and that of piped natural gas (PNG) by Rs 5.06 per standard cubic metre (scm).

The revised prices came into effect on April 8 at midnight.

The price revision came after the Union Cabinet on Thursday approved new guidelines on gas pricing, which paves the way for natural gas prices in India to be linked to global crude prices.


"In line with our policy to prioritize our end consumers, ATGL has decided to pass through the benefit of the New Gas Pricing guidelines announced by the Government of India to the large numbers of Home PNG and CNG consumers, thus enhancing the affordability of PNG and CNG with a saving of over 40% for CNG consumers as compared to Petrol prices and around 15% for Home PNG consumers as compared to LPG prices," the company said in a press statement.

On Friday, Mumbai-based Mahanagar Gas, slashed retail price of CNG by Rs 8 per kg and domestic PNG by Rs 5 per standard cubic metres across its licensed areas in Maharashtra.