CNG vehicle and piped cooking gas users can look forward to their bills falling by 10-20% soon. If the regulator, Petroleum and Natural Gas Regulatory Board, has its way, Indraprastha Gas Ltd (IGL) will be forced to cut the price of CNG by around Rs. 7 a kg and Piped Natural Gas (PNG) by Rs. 2.20 a unit in the National Capital Region.
The regulator on Monday asked IGL to slash its PNG network tariff and CNG compression charges and refund the difference in the levies to consumers April 1, 2008 onwards. It wanted the network tariff to be Rs. 38.58 a unit and compression charge Rs. 2.75 a kg.
But IGL has proposed far higher charges and challenged the regulator's order in the Delhi high court on Tuesday. IGL managing director M Ravindran said the basis of the regulator's calculation was incorrect.