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CNG-PNG Price Hike Rollback: In the last one year, the increase in the prices of CNG PNG has contributed a lot in increasing the inflation. While traveling has become costlier due to CNG being expensive, the hike in PNG prices has spoiled people’s kitchen budget. But is the government preparing to withdraw the decision to increase the prices of CNG-PNG? This question has been raised in the Parliament on Thursday, on which the statement of the Ministry of Petroleum and Natural Gas has come to the fore.
Minister of State for Petroleum, Rameshwar Teli, in response to a question in the Lok Sabha about the rollback of the hike in the prices of PNG-CNG, said that the prices of CNG and PNG will be fixed by city gas distribution companies taking into account the purchase price of gas, state taxes, tariffs and other components. Let’s decide keeping in. The Minister of State for Petroleum said that the prices of gas are fixed on many grounds and the Government of India has taken several steps to control the prices. He told that between January 2021 and November 2022, there has been a jump of 327 per cent in the prices of gas in the international market, while the prices of CNG in India have increased by only 84 per cent.
The Minister of State for Petroleum said that in order to control the prices, the allocation of domestic gas has been increased by 250 percent as compared to 2013-14. Also, domestic gas has been diverted from power and non-essential sectors to meet CNG PNG requirements. The government is giving priority to the CNG-PNG segment in domestic gas allocation.
In the year 2021, on October 1, CNG was being sold at Rs 45.5 per kg in the capital Delhi. Which is now being sold for Rs 79.56 per kg. An increase of Rs 34.06 per kg in 14 months has been recorded in the price of CNG. CNG has become costlier by more than 73 percent in the last 14 months.
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To determine the prices of domestic natural gas, the government constituted a committee under the chairmanship of Kirit Parikh, an expert in the petroleum sector and former member of the Planning Commission. The committee has submitted its suggestions to the government. The committee has recommended the government to reduce the excise duty on CNG. In its recommendations, the committee has told the government that until a decision is taken to bring natural gas under the ambit of GST, the government should charge less excise duty on CNG. So that people can be relieved from expensive CNG.
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