Adani Total Gas reduces CNG & PNG prices

Adani Total Gas reduces CNG & PNG prices

Welcomes Govt’s new Gas Pricing Guidelines

  • By ICN Bureau | April 11, 2023

Adani Total Gas Ltd (ATGL) welcomes the Government of India’s landmark decision to link the APM (Administered Price Mechanism) price for gas supply to CNG vehicles and residential households to 10% of the monthly average of the Indian crude basket with a floor of $4 and a cap of $6.5 per MMBTU.

In line with our policy benefitting end consumers, ATGL has decided to pass on the benefit of new gas pricing guidelines to our large number of PNG and CNG consumers, making it more affordable with savings of over 40% for CNG users compared to petrol price and around 15% for PNG consumers compared to LPG price.

Effective from midnight tonight, ATGL will reduce the price of CNG by up to ₹8.13/kg and PNG by up to ₹5.06. The new reduced price applicable in our geographical areas (GAs) across the country is given in the table attached.

ATGL believes that the government’s step to revise the gas price will act as a growth catalyst and aid in the rapid PNG and CNG conversions, increasing the share of natural gas in India’s energy basket from 6.5% to 15% by 2030. The substantial reduction in the CNG and PNG prices will bring much-needed relief to large number of CNG and PNG users in the country and in the ATGL GAs. This is going to increase the consumption of natural gas in domestic and transportation segment, leading towards cleaner and greener India.

ATGL is also pleased to announce reduction in PNG prices for our industrial and commercial consumers by ₹3.0/ scm across its GAs of Ahmedabad, Vadodara, Faridabad, Khurja and Palwal. This will help our industrial and commercial consumers to adopt more volume of PNG. This will help them make their products at more competitive cost and, in turn, reduce the carbon footprint.

ATGL is one of the largest CGD private listed company currently supplying CNG and PNG to ~7 lakh domestic, ~4,000 commercial, ~ 2,000 industrial customers and over 3 lakh CNG users across our 460 CNG stations in India.

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