IANS | 09 Mar, 2024
Compressed Natural Gas (CNG) players like GAIL (India) Limited, its
wholly owned subsidiary, GAIL Gas Limited and AG&P Pratham on
Saturday announced a reduction of Rs 2.50/kg in their retail prices.
The price cut comes into effect in the locations where the companies retail their CNG.
The
move comes close on the heels of Indraprastha Gas Limited (IGL)
reducing the selling price of gas in Delhi and the National Capital
Region (NCR) by Rs 2.50 per kg with effect from Thursday.
This
reduction underscores GAIL's commitment to offering environmentally
friendly fuel solutions at competitive prices, in line with the nation's
efforts to combat pollution and reduce carbon emissions.
“The
decision to lower CNG prices comes at a crucial time when the automotive
industry is witnessing a surge in the production and adoption of CNG
vehicles by leading manufacturers such as Suzuki Motors Tata, Hyundai
and Mahindra,” GAIL said in a statement.
With this price
reduction, GAIL aims to facilitate the transition towards cleaner and
greener transportation options, ensuring a sustainable future for
generations to come, the statement added.
On its part, AG&P
Pratham said it has cut its retail price from March 7 onwards in cities
it operates in Kerala (Alappuzha, Kollam, Thiruvananthapuram – current
price Rs 85.50/kg) and Andhra Pradesh (Nellore Rs 91.50/kg, Chittoor,
Tirupati-Rs 91.50/kg, Anantapur and Kadappa Rs 91/kg).
According
to Thivahar Bethune, VP Marketing, AG&P Pratham, three-wheeler
auto-rickshaws, cars, small commercial vehicles, trucks and bus owners
using CNG fuel can now save up to 35 per cent and 50 per cent compared
to diesel and petrol respectively.
In Kerala, AG&P Pratham
currently operates 34 CNG stations and plans to set up over 150 CNG
stations and in Andhra Pradesh, it currently operates 42 CNG stations
and plans to set up over 200 CNG stations in the coming years.
