CNG Price Reduced by Adani Total Gas Ltd in Udupi: This is The Reason

CNG Price Reduced by Adani Total Gas Ltd in Udupi: This is The Reason

After the State government’s decision to reduce VAT on Compressed Natural Gas (CNG), effective September 1, 2022, Adani Total Gas Ltd. (ATGL) has announced that it will pass on the reduction benefits to consumers. The company operates five CNG stations in Udupi district. It is also executing the piped natural gas (PNG) supply project in the district and household supply is expected to begin six months from now.

ATGL said that the government has announced VAT reduction from 14.5% to 5% on the sale of CNG from September 1. In line with its stated policy of taking care of consumer interest, the company will pass on the complete benefit to consumers. Thus, it has reduced CNG prices by ₹6.42 a kg in Udupi geographical area with effect from midnight on September 3. Accordingly, the revised CNG price is ₹72.89 a kg from the earlier ₹79.31 a kg, the statement said.

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