look news india
After city gas retailers in Mumbai and Delhi reduced CNG prices, Torrent Gas on Saturday announced a cut in compressed natural gas (CNG) prices by Rs 2.50 per kg across all its locations.
The company, which has a city gas license to sell CNG to automobiles and piped cooking gas to homes in 34 districts, “makes CNG 45 per cent cheaper than petrol and 37 per cent cheaper than diesel,” says the company. , said in a statement. “This reduction in CNG prices is aimed at promoting the use of clean fuel and enhancing the ecosystem of natural gas.” Mahanagar Gas Limited, the city gas operator in Mumbai and its surrounding areas, on March 6 announced a cut in CNG price by Rs 2.5 per kg. Accordingly, the revised CNG price will be Rs 73.50 per kg.
“MGL's CNG price now offers attractive savings of 53 per cent compared to petrol and 22 per cent compared to diesel at current price levels in Mumbai, while providing consumers with unmatched convenience, safety, reliability and environmental benefits,” the company said in a statement. Provides friendship.” On 5th March.
A day later, Indraprastha Gas Ltd announced similar price cuts in Delhi and surrounding cities. The retail consumer price of CNG is being reduced by Rs 2.50 per kg across all geographies of IGL with effect from 6 am on Thursday, March 7, 2024. The revised selling price of CNG in Delhi will be Rs 74.09 per kg. Rs 78.70 per kg in Noida, Greater Noida and Ghaziabad.” This reduction has been made after softening of input gas prices.
Torrent Gas said it has 428 CNG stations and more than 1 lakh piped cooking gas customers across its operational areas.
“This reduction in CNG price, besides resulting in greater savings for CNG vehicle owners, is also expected to boost sales of new CNG vehicles across various segments including passenger and commercial,” it said.
CNG, already known as a clean and green fuel, will become even more attractive to vehicle owners with this lower price revision due to its environment-friendly nature. It said it will offer increased savings to all CNG vehicle users with better mileage and lower maintenance.
Talking about the gas price cut, Manoj Jain, Managing Director, Torrent Gas, said, “Torrent Gas has always been at the forefront in promoting the use of environment-friendly CNG. “This reduction in CNG prices is expected to increase the uptake of new CNG vehicles.” and increase natural gas consumption in the transportation sector”.
“Torrent Gas has invested deeply in building CGD network infrastructure across its geographies and is committed to creating awareness about CNG and piped gas and helping consumers adopt affordable and environment-friendly natural gas as a fuel. Continuously working towards direction.” Torrent Gas holds city gas licenses for 34 districts in 7 states (Tamil Nadu, Telangana, Uttar Pradesh, Gujarat, Maharashtra, Rajasthan and Punjab) and one Union Territory (Puducherry). The population of Torrent's occupied areas across the country is approximately 9 crore, which is about 7 percent of the total population of India.