CNG price hiked by Rs 3.89 per kg in Delhi

CNG prices in Delhi and adjoining cities will rise by Rs 3.89 per kg from Saturday, Aug 29 Indraprastha Gas Ltd said on Friday.

In a statement, IGL said a significant portion of input gas for CNG is being met through imported LNG, whose rates in the spot market have surged since the beginning of the West Asia conflict.

"With international LNG prices remaining elevated and the cost impact becoming increasingly significant, a calibrated revision of Rs 3.89 per kg has now become necessary to partially offset the increase in input gas cost," IGL said, adding that the revision would take effect from 6 am on Saturday.

(With inputs from PTI)