Adani Gas Ltd on Saturday announced increasing the compressed natural gas (CNG) price by Rs. 4.70 per kg from Saturday, impacting the industry and households in Ahmedabad.
The hike by the city gas distribution company comes into effect from April 1 pushing the CNG price to Rs. 50.20 per kg against Rs. 45.50 per kg now.
Adani Gas will revise price of CNG to Rs. 50.20 per kg (inclusive of 14.42% excise duty and 15% VAT) with effect from April, 1, 2012, a company statement said.
Citing significant increase in international LNG prices, the company stated that revision in prices was necessary.
The company has network of 50 CNG sations in Ahmedabad, and 7 refuelling stations in Vadodara. It supplies over 3.50 lakh kgs of CNG to over one lakh vehicles everyday.
The company also supplies natural gas to 1.50 lakh domestic consumers, 7,00 industrial houses and 1,100 commercial consumers in Ahmedabad.