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Torrent Gas Slashes CNG and PNG Prices Following Regulatory Order
Torrent Gas has announced a substantial reduction in the retail prices for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). This price cut, which varies up to ₹3.50 per kg for CNG and up to ₹2 per standard cubic metre (SCM) for PNG, is being implemented across all operational areas connected to the National Gas Grid.
The Core Issue: Unified Tariff Implementation
The reduction in prices directly follows the implementation of the Unified Tariff Order by the Petroleum and Natural Gas Regulatory Board (PNGRB). This new regulatory framework, effective from January 1, consolidates previous gas transportation zones and establishes a uniform tariff for domestic PNG and CNG transportation nationwide. The uniform Zone-1 tariff is set at ₹54 per million British thermal units.
Financial Implications for Consumers
Torrent Gas, a key player in the energy distribution sector and part of the prominent Torrent Group, highlighted the significant consumer benefits of this price adjustment. The company stated that with these revisions, CNG will now be up to 43% cheaper compared to petrol. This substantial difference is expected to offer significant savings for owners of vehicles running on CNG, a segment of the market increasingly looking for cost-effective fuel options.
Furthermore, households that rely on PNG for cooking will also experience relief, leading to reduced household expenses. "This reduction in CNG and PNG prices will bring great relief to households using it as cooking fuel and to CNG vehicle owners by reducing household expenses for the common man," Torrent Gas communicated in a statement. The company emphasized its commitment to passing on cost benefits to its customers.