Ahmedabad: Corporate giant Adani here Saturday announced that it has hiked Compressed Natural Gas (CNG) prices by Rs 4.28 to Rs 48.09 per kg and Piped Natural Gas (PNG) by Rs 2.60 per Standard Cubic Meter in Ahmedabad and Vadodara, effective midnight tonight.
The steep hike in price was done under new domestic gas pricing guidelines-2014, a statement from Adani gas said."In accordance with the New Domestic Gas Pricing Guidelines2014 issued by the Ministry of Petroleum and Natural Gas, the price of Administered Price Mechanism (APM)Gas stands revised from dollar 4.20 per Million Metric British Thermal Unit (MMBTU)- Net Calorific Value basis to dollar 5.05 per MMBTU- Gross Calorific Value basis," a company statement said.
Due to which, the company gas has hiked Rs 4.28 in the price of per Kg CNG and Rs 2.60 per SCM (Standard Cubic Meter) in PNG in Ahmedabad and Vadodara, it added.
CNG price in Ahmedabad and Vadodara is revised to Rs 48.09 per Kg from Rs 43.81 per kg and PNG (domestic) price is revised to Rs 24.56 per SCM from Rs 21.96 per SCM, excluding VAT, it said.
Last night, the state government enterprise Gujarat State Petroleum Corporation (GSPC) increased CNG price from Rs 44.90 per kg to Rs 48.50 per kg.
GSPC had also hiked the PNG (domestic) price from Rs 23.50 to Rs 24.83.