Adani Gas Ltd today will raise compressed natural gas(CNG) price by Rs 4.70 per kg from tomorrow, impacting the industry and households.
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 per cent excise duty and 15 per cent VAT) with effect from April, 1, 2012, a company statement said.
Citing significant increase in international LNG prices, the company stated that revision in the prices was necessary.
The company has a network of 50 CNG stations in Ahmedabad, and 7 refuelling stations in Vadodara.
It supplies over 3.50 lakh kg of CNG to over one lakh vehicles every day. The company also supplies natural gas to 1.50 lakh domestic consumers, 7,00 industrial houses and 1,100 commercial consumers here.
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