Torrent gas cuts PNG, CNG prices by Rs 5

Hyderabad: Torrent Gas announced that it has reduced the price of CNG and domestic PNG by Rs 5 per kg and Rs 5 per standard cubic metre (scm) respectively with effect from 17th August 2022 across all geographical areas where it is present.

Reduction in prices has been made possible due to increased allocation of domestic natural gas by the Ministry of Petroleum and Natural Gas. Under the revised guidelines of Ministry of Petroleum and Natural Gas for allocation of gas to domestic PNG and CNG segments of CGD sector, the share of domestic gas in the CGD sector requirement has been increased to 94 per cent of the average consumption of April to June 22 quarter instead of the earlier allocation of 85 per cent of the average consumption of January to March 22 quarter.

The reduction in prices will bring significant relief to customers and will give further impetus to the adoption of Domestic PNG by households and CNG by vehicle owners. With this decrease, the revised price of Domestic PNG in Sangareddy will be Rs 45 per scm (inclusive of taxes), representing a 31 per cent discount to LPG and the revised price of CNG will be Rs 90 per kg, representing a 45 per cent discount to petrol.