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CNG: Latest News & Videos, Photos about CNG | The Economic Times

In Q3 of 2012-13, the CNG sales volume has increased by 8% and PNG sales volumes increased by 17 % over Q3 of FY12. On an overall basis there is 9% growth in sales volume during this quarter over the corresponding quarter of FY12. Product wise, CNG recorded sales of Rs 736 crores, registering a growth of 29%, while PNG recorded sales of Rs 225 crores registering a growth of 37%. The net profit after tax (PAT) for this quarter is Rs 86.34 crores against PAT of Rs 69.15 crore recorded in Q3 of 2011-12. K Ravichandran, Senior Vice President and Co-Head, Corporate Ratings: The gradual increase in diesel prices is expected to correct the disparity between prices of diesel and alternative fuels discouraging high growth in sales of diesel-driven passenger cars. Besides, the private retailers are expected to pose increasing competition for the OMCs in… more. The proportion of costly imported R-LNG vis-à-vis domestic gas in the overall pool of natural gas being procured for supply as CNG is constantly on the rise and has already crossed 25%. Since allotted APM gas has already been fully utilized by IGL and there has been a complete stoppage of KG D-6 supplies to IGL since 2011, any additional CNG demand… more. Explaining the reasons leading to the revision in the price of CNG, the official spokesperson of IGL said, “We are constrained to revise the retail price of CNG primarily due to increase in the overall input cost of natural gas being sourced by us as a result of increased dependence as well as recent increase in the prices of imported R-LNG”. The 4% revision in CNG price would result in increase of Rs 1.55 per kg in the consumer price of CNG in Delhi and Rs 1.80 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs. 39.90 per kg in Delhi and Rs 45.10 per kg in Noida, Greater Noida & Ghaziabad would be effective from 12:00 midnight of 4th… more.
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