More cuts in domestic gas supply to CNG firms

The government has for the second time in a month reduced supplies of cheaper domestically produced natural gas to CNG retailers.

- BENN KOCHUVEEDAN

Indraprastha Gas Ltd, the firm that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining cities, in a stock exchange filing said domestic supplies have been reduced by nearly 20% effective November 16. IGL receives domestic gas allocation for meeting the requirement of CNG sales volumes at the pricing fixed by the government (at $6.5 per million British thermal unit). The alternative to this is to use imported gas, which is twice the domestic rate. Previously, supplies had been cut by nearly 21% effective October 16.