The Delhi government and the Indian Oil Corporation (IOC) set to sign an agreement for setting up a gas compact reformer. If smoothly executed, Delhi will become the first Indian city where trials to use clean fuel in public buses will be conducted.
Price paid to most of the domestic producers of natural gas is likely to be hiked to USD 3.5 per million British thermal unit (mmBtu) from October 1, from the current USD 3.06, sources privy to the development said.
On May 9, the target was pegged at 12 lakh for the entire fiscal year, according to documents accessed by The Indian Express. For compressed natural gas (CNG) stations, the number has been revised to 125 outlets from 180 quoted on May 9.
With the start of CNG supplies in Jalandhar, Punjab joins states like Delhi, Gujarat and Maharashtra to have compressed natural gas (CNG), an environment-friendly automobile fuel that is considered cheaper than diesel.