Business Daily from THE HINDU group of publications
Wednesday, Mar 05, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Mar 05, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Announcements Industry & Economy - Petroleum IGL cuts CNG price by 30 paise New Delhi, March 4 Indraprastha Gas Ltd, a joint venture of GAIL (India) Ltd, BPCL and the Delhi Government has announced a reduction in CNG selling price in the Capital. The new consumer price of Rs 18.90 per kg has been made effective from Tuesday. The revision in prices would result in a reduction of 30 paise/kg in the consumer price of CNG, decreasing from the current price of Rs 19.20/kg. The reduction in the price of CNG has come on account of adjustment as a result of decrease of two per cent in excise duty announced in the Union Budget. Announcing the reduction in retail price of CNG, Mr Om Narayan, Managing Director, IGL clarified that there would be no revision in the price of Piped Natural Gas (PNG) being supplied to domestic and commercial consumers. — Our Bureau More Stories on : Announcements | Petroleum
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