GSPC reduces PNG prices for Gujarat’s industrial customers by Rs 2 per scm

However, the company had increased the PNG prices for it's domestic customers to Rs 24.83 per Standard Cubic Meter or SCM (without taxes) from Rs 23.50 on November 1.

GSPC Gas Company Ltd, a subsidiary of the state-run Gujarat State Petroleum Corporation (GSPC), has decided to cut the prices of piped natural gas (PNG) for industries in the state by Rs 2 per standard cubic meter (SCM) from November 16 onwards.

The prices will be reduced to Rs 39.65 from the earlier Rs 41.65 per SCM (exclusive of taxes). “This reduction is being brought about after taking into consideration the prevailing prices of natural gas in the international market,” stated a release from the company.

GSPC Gas supplies 3.8-4 mmscmd (million metric standard cubic meter per day) of PNG to over 1900 industrial customers in clusters of Vapi, Umargaon, Sarigam, Bilimora, Gundlav, Morai, Navsari, Hazira, Valsad, Dahej, Gandhinagar, Karjan, Rajkot, Surendranagar-Wadhwan, Halol, Morbi, Nadiad, Thangadh, Palej, Khambhat and Petlad.

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However, the company had increased the PNG prices for it’s domestic customers to Rs 24.83 per Standard Cubic Meter or SCM (without taxes) from Rs 23.50 on November 1. “We get the gas for our PNG (domestic) and CNG consumers form the Government of India. The prices of this segment was raised after the government raised the prices,” said a senior official from the company.

“Meanwhile, the natural gas that we get for the industrial customers is from the international market, which includes both spot and long-term procurements,” the official added.

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