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Adani Total Gas cuts CNG prices by ₹8.13/kg, PNG by ₹5.06/scm

The Union Cabinet on Thursday approved new gas pricing guidelines, paving the way for linking natural gas prices in India to global crude prices. Under the new guidelines, the price of natural gas will be 10% of the monthly average of the Indian crude basket, a weighted average of Dubai and Oman (sour) and Brent Crude (sweet) oil prices. ....

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Adani Total Gas Ltd reduces price of CNG by up to Rs 8.13/kg, PNG by up to Rs 5.06/scm

Adani Total Gas Ltd (ATGL) welcomes the Government of India's landmark decision to link the Administered Price Mechanism (APM) Price for gas supply to CNG vehicles and residential households to 10 per cent of the Indian crude basket with a floor of $4 and a cap of $6.5 per MMBTU, read a press statement from Adani Total Gas Ltd (ATGL). ....

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