Adani Total Gas Ltd (ATGL) has reduced the price of CNG by up to Rs 8.13/kg and the price of PNG by up to Rs 5.06/scm with effect from April 8.
Adani Total Gas Ltd (ATGL) welcomes the Government of India’s landmark decision to link the Administered Price Mechanism (APM) Price for gas supply to CNG vehicles and residential households to 10 per cent of the Indian crude basket with a floor of $4 and a cap of $6.5 per MMBTU, read a press statement from Adani Total Gas Ltd (ATGL).
“In line with our policy to prioritize our end consumers, ATGL has decided to pass through the benefit of the New Gas Pricing guidelines announced by the Government of India to the large numbers of Home PNG and CNG consumers, thus enhancing the affordability of PNG and CNG with a saving of over 40% for CNG consumers as compared to Petrol prices and around 15% for Home PNG consumers as compared to LPG prices,” the statement read.
