CNG prices may rise as gas allocation cuts impact city gas distributors

City gas distribution (CGD) companies in India are expected to increase the retail prices of compressed natural gas (CNG) due to a second reduction in the allocation of cheaper Administered Pricing Mechanism (APM) gas by the government within a month.

The Petroleum and Natural Gas Regulatory Board (PNGRB) has emphasized the importance of keeping CNG prices competitive with petrol and diesel to ensure growth in the sector. Gajendra Singh, a member of the PNGRB, has highlighted that if CNG prices surpass those of traditional fuels, it could hinder business expansion and have a negative impact on consumers.

The government has reduced APM gas allocation to CGD companies, including Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL), by 20 percent, in addition to a previous reduction of the same magnitude.

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