Adani Total Gas has decided to reduce the prices of CNG and PNG, following the implementation of the new natural gas pricing formula.

Adani Total Gas, a joint venture between the Adani Group and French company Total Energies, has lowered the cost of compressed natural gas (CNG) by Rs 8.13 per kilogram and domestic piped cooking gas (PNG) by Rs 5.06 per unit.

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Adani Group's company, Adani Total Gas Limited, declared a decrease in the rates of CNG and PNG. CNG's cost has been lowered by Rs 8.13 per kg, while the domestic piped cooking gas has decreased by Rs 5.06 per SCM. It should be noted that Adani Total Gas is a joint venture between Adani Group and the French company Total Energies, operating in the city gas sector.

Recently, the government has approved a new pricing formula for natural gas, which sets limits to maintain the prices of CNG and PNG within a certain range. Adani Total Gas has announced a price reduction following this decision. Natural gas is utilized as a source of fuel for CNG vehicles and piped natural gas for domestic cooking purposes.

Here is the statement from Adani Total Gas:

In a statement, Adani Total Gas announced that it will be extending the benefit of the reduced natural gas prices to the consumers. The company also expressed its appreciation for the Indian government's landmark decision. The statement reads, "Adani Total Gas Limited warmly welcomes the historic decision of the Government of India."

Prices will decrease in these cities

According to a statement released by the company, Adani Total Gas has decreased the prices of piped cooking gas (PNG) in various cities, including Vadodara and Ahmedabad in Gujarat, as well as Khurja in Uttar Pradesh and Faridabad and Palwal in Haryana. Furthermore, CNG prices have been lowered in a total of 21 cities, ranging from Udaipur in Rajasthan to Cuddalore in Tamil Nadu and Bhind in Madhya Pradesh.

Adani Total Gas has announced a reduction in natural gas prices from $8.57 per mmBtu to $6.5. The new prices will apply to cities ranging from Vadodara in Gujarat to Cuddalore in Tamil Nadu, Udaipur in Rajasthan, and Bhind in Madhya Pradesh.

Adani Total Gas has announced a reduction in the prices of CNG and PNG. The price of CNG has been reduced by Rs 8.13 per kg and that of PNG by Rs 5.06 per SCM from Saturday. After the reduction, the price of PNG (excluding taxes) will now be Rs 46.84 per SCM, down from Rs 51.90. In Ahmedabad, the price will decrease from Rs 53.90 to Rs 49.83 per SCM. Meanwhile, the cost of CNG will now be Rs 72.03 per kg in Vadodara and Rs 73.29 per kg in Ahmedabad, down from Rs 79.33 and Rs 79.34, respectively.