New Delhi: Inflation shouldn’t be taking its title to cease. If there isn’t an enhancement in the costs of petrol and diesel, then the costs of CNG are setting the fireplace. The value of CNG has elevated by Rs 2.20 per kg immediately in the Pune metropolis of Maharashtra.
Ali Daruwala, President, of the All India Petrol Dealers Association mentioned that from April 29, new charges of Compressed Natural Gas (CNG) have been carried out in the Pune metropolis. Now CNG will enhance by 2.20 paise to Rs 77.20 per kg within the metropolis. Earlier, the value of CNG within the metropolis was Rs 75 per kg. He mentioned that after growing the price of pure, the costs of CNG have additionally been elevated. CNG costs have elevated for the fourth time in a month within the metropolis.
CNG grew to become costlier by Rs 15 in a month
CNG charges in Pune metropolis have been elevated 4 instances inside a month and up to now the overall enhance in costs has been Rs 15 per kg. At the start of April, the value of CNG right here was Rs 62.20 per kg. First, on 6 April it was elevated by Rs 7 to Rs 68, then on April 13, it was elevated by Rs 5 to Rs 73. After this, on April 18, it was elevated by Rs 2 and the value reached Rs 75 per kg. Now after immediately’s an enhancement, CNG has to turn out to be costlier by a complete of Rs 15.
The government had lowered VAT by 10 p.c
On 1 April, the Maharashtra authorities had made an enormous lower in VAT on CNG. Then it was lowered from 13 p.c to three p.c and there was an enormous fall in costs too. However, on an identical day, the central authorities had elevated the costs of pure fuel by greater than 100%, after which the entered value of CNG and PNG additionally elevated and firms additionally elevated their retail costs.
CNG value will go as much as Rs 80
Ali Daruwala says that India has been shopping for fuel from Qatar, Muscat, and Arab international locations for the final number of years. Till now he used to get fuel for the fee of $ 20 per cylinder. Due to the disaster arising out of the Russo-Ukraine warfare, the value of fuel in European international locations has elevated to $ 40. Now India can be getting fuel on the identical value. In such a scenario, the price burden on the businesses has additionally doubled. If the costs don’t come down quickly, then the value of CNG within the nation will go as much as Rs.80.
Not solely this, as a result of the scenario of warfare within the Gulf international locations, India’s LNG cargo can be dealing with issues in coming by sea route. In Ace, till the Russo-Ukraine warfare doesn’t finish or there isn’t a resolution for it, no estimate may be made concerning the value of CNG.
