Gas distribution companies hit by sharp hike in natural gas price

3 Oct 2022 , 10:32 AM

City gas distribution (CGD) businesses are concerned following this month’s biggest increase in natural gas costs, which is more than 40%. Price rises, according to news reports, will affect both the number of sales and the rate of expansion.

According to the reports, Officials claim that  corporations are stuck between passing on the expense to customers and absorbing it. CNG prices in Ahmedabad have been increased by Adani Total Gas to Rs86.90 per kilogram as of October 1.

The price of RLNG (regasified liquefied natural gas), which is sourced from the worldwide market, has increased significantly for CGD companies due to the jump in natural gas costs caused by the Russia-Ukraine war, disruptions in global supplies, and other factors.

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