Govt slashes CNG price by Rs 15

After raising the LPG cylinder cap from 9 to 12, now the oil minister M Veerappa Moily has announced that government will cut the CNG prices by Rs. 15 and piped cooking gas by Rs. 5.

“Our target is common man… we want to give common man a relief and in a way this is an anti-inflationary measure,” Moily said.

“This (move) would lead to reduction in price of CNG and PNG across the country (except in those cities which are already getting 100% domestic gas like Mumbai). The price of CNG in Delhi would be reduced by about Rs 15 per kg (about 30%). There will also be a reduction of about Rs 5 per cubic metres (about 20%) in the price of PNG,” he explained.

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