GAIL reduces gas prices

10 Apr 2023 , 01:34 AM

GAIL Gas Limited is aligning its pricing system with the Government of India’s directive to transfer the advantages of new domestic gas pricing to its customers, resulting in a significant price reduction starting from April 9, 2023.

Therefore, GAIL has adjusted its Domestic PNG prices in different areas, reducing them by Rs 7 per SCM in Bengaluru and Dakshin Kannada, and by Rs 6 per SCM in other regions.

It has implemented a reduction in its Domestic PNG prices of Rs 7 per SCM in Bengaluru and Dakshin Kannada and Rs 6 per SCM in all other regions, resulting in new effective prices of Rs 52.50 per SCM in Dewas, Meerut, Sonipat, Mirzapur, Taj Trapezium Zone, Dhanbad, Raisen, Adityapur, and Rourkela, and Rs 51.50 per SCM for Dakshin Kannada and Bengaluru.

Similarly, GAIL has lowered the prices of its CNG by Rs 7 per kg in Karnataka GAs and Sonipat and by Rs 6 per kg in all other GAs. 

The new CNG prices are Rs 82.50 per kg for Bengaluru and Dakshin Kannada, Rs 85 per kg for Meerut and Sonipat, Rs 87 per kg for Mirzapur, Rs 91 per kg for Raisen, Dhanbad, Adityapur, Puri, and Rourkela, and Rs 92 per kg for Dewas, Taj Trapezium Zone, and Dehradun. This is in line with the government’s directive to pass on the benefits of new domestic gas pricing to customers.

The aim of the new guidelines is to establish a pricing regime for domestic gas consumers that is stable, while also providing adequate protection to producers from unfavorable market fluctuations and incentives to user industries and the CGD sector. 

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