Diversified Adani Group's city gas distribution (CGD) arm Adani Gas that caters to CNG consumers in Ahmedabad and Vadodara announced price increase from Rs 40.50 per kg to Rs 45.50 with effect from November 16. Natural gas will be expensive for Adani Gas' consumers in industrial and commercial categories as well. It may be mentioned here that state owned GSPC Gas Company Limited also revised its CNG price with effect from Wednesday.
Incidentally, the oil marketing companies reduced petrol price by Rs 1.50-2 per litre with effect from Tuesday night. Gujarat that accounts for country's one third of natural gas consumption is witnessing frequent tariff hikes.
GSPC Gas that caters to the piped natural gas and compressed natural gas (CNG) users in parts of Gujarat will charge 22% more to the industrial customers 12% more to the CNG users. GSPC Gas increased gas prices for the commercial consumers also while there is no change in tariff for the domestic users. GSPC Gas will now charge Rs 26.70 per standard cubit meter (SCM) to the industrial customers, up from Rs 21.80.
With 15% VAT, industrial customers will have to shell out all time high Rs 30.70 per SCM. CNG consumers at GSPC Gas' 119 fuel stations will pay Rs 45.25 per kg, up from Rs 40.25.
Early this month, the government of Gujarat filed a reference before the Competition Commission of India ( CCI) against BG Group subsidiary Gujarat Gas Company Limited. However, GSPC Gas and other city gas distribution entities like Sabarmati Gas and Charotar Gas too are compelled to revise their gas tariff upward now.
The government of Gujarat is arguing that the primary source of gas for Gujarat Gas comes from the cheaper domestic resources and administered price mechanism. With increasing demands in its geographical areas, Gujarat Gas procures expensive imported LNG through the state venture and GSPC Gas promoter Gujarat State Petroleum Corporation (GSPC) as domestic gas supply is going down. All the CGD players in the state are dependent on expensive LNG now.
Both Adani Gas and GSPC Gas are attributing increase in imported LNG prices as reason behind the steep tariff hikes. "Increase in price of input gas from GSPC is mainly on account of the increase in LNG price due to prevailing high crude oil prices in the international markets and depreciation of Indian Rupee against Dollar," read a media statement by Adani Gas on Wednesday evening.
GSPC and other CGD players are seeking cheaper natural gas from the domestic resources like RIL's D6 in KG Basin to curb soaring prices.
Incidentally, the oil marketing companies reduced petrol price by Rs 1.50-2 per litre with effect from Tuesday night. Gujarat that accounts for country's one third of natural gas consumption is witnessing frequent tariff hikes.
GSPC Gas that caters to the piped natural gas and compressed natural gas (CNG) users in parts of Gujarat will charge 22% more to the industrial customers 12% more to the CNG users. GSPC Gas increased gas prices for the commercial consumers also while there is no change in tariff for the domestic users. GSPC Gas will now charge Rs 26.70 per standard cubit meter (SCM) to the industrial customers, up from Rs 21.80.
With 15% VAT, industrial customers will have to shell out all time high Rs 30.70 per SCM. CNG consumers at GSPC Gas' 119 fuel stations will pay Rs 45.25 per kg, up from Rs 40.25.
Incidentally, the oil marketing companies reduced petrol price by Rs 1.50-2 per litre with effect from Tuesday night. Gujarat that accounts for country's one third of natural gas consumption is witnessing frequent tariff hikes.
With 15% VAT, industrial customers will have to shell out all time high Rs 30.70 per SCM. CNG consumers at GSPC Gas' 119 fuel stations will pay Rs 45.25 per kg, up from Rs 40.25.
Early this month, the government of Gujarat filed a reference before the Competition Commission of India ( CCI) against BG Group subsidiary Gujarat Gas Company Limited. However, GSPC Gas and other city gas distribution entities like Sabarmati Gas and Charotar Gas too are compelled to revise their gas tariff upward now.
The government of Gujarat is arguing that the primary source of gas for Gujarat Gas comes from the cheaper domestic resources and administered price mechanism. With increasing demands in its geographical areas, Gujarat Gas procures expensive imported LNG through the state venture and GSPC Gas promoter Gujarat State Petroleum Corporation (GSPC) as domestic gas supply is going down. All the CGD players in the state are dependent on expensive LNG now.
Both Adani Gas and GSPC Gas are attributing increase in imported LNG prices as reason behind the steep tariff hikes. "Increase in price of input gas from GSPC is mainly on account of the increase in LNG price due to prevailing high crude oil prices in the international markets and depreciation of Indian Rupee against Dollar," read a media statement by Adani Gas on Wednesday evening.
GSPC and other CGD players are seeking cheaper natural gas from the domestic resources like RIL's D6 in KG Basin to curb soaring prices.
Incidentally, the oil marketing companies reduced petrol price by Rs 1.50-2 per litre with effect from Tuesday night. Gujarat that accounts for country's one third of natural gas consumption is witnessing frequent tariff hikes.
GSPC Gas that caters to the piped natural gas and compressed natural gas (CNG) users in parts of Gujarat will charge 22% more to the industrial customers 12% more to the CNG users. GSPC Gas increased gas prices for the commercial consumers also while there is no change in tariff for the domestic users. GSPC Gas will now charge Rs 26.70 per standard cubit meter (SCM) to the industrial customers, up from Rs 21.80.
With 15% VAT, industrial customers will have to shell out all time high Rs 30.70 per SCM. CNG consumers at GSPC Gas' 119 fuel stations will pay Rs 45.25 per kg, up from Rs 40.25.
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