Delhi: CNG price cut by Rs 15/kg, piped gas by Rs 5

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  1. Singh

    Singh Phat Cat Administrator

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    CNG price cut by Rs 15/kg, piped gas by Rs 5 as Oil Minister Veerappa Moily battles Arvind Kejriwal effect​


    CNG prices cut by about Rs 15 per kg and cooking gas piped to kitchens by about Rs 5 after Oil Minister M Veerappa Moily said government decided to supply cheaper domestic gas to fuel retailers in cities like Delhi and Ahmedabad.

    The Arvind Kejriwal-led Delhi government has been looking at legal options to effect a rollback in CNG prices, one of the first promises made by Aam Aadmi Party (AAP).

    CNG price cut by Rs 15/kg, piped gas by Rs 5 as Oil Minister Veerappa Moily battles Arvind Kejriwal effect - Financial Express
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    Moily and the Congress have stolen the thunder.
     
  4. Singh

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  5. Singh

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    CNG price hike: AAP moves to Supreme Court

    AAP has moved the Supreme Court against the Centre and the petroleum ministry to roll back CNG prices in Delhi. The CNG price had gone up by nearly 30% over the last one year.

    It has been a month since the Aam Admi Party came to power in the national capital, Delhi. The party has delivered on one of the promises it made in its election manifesto and the one it had reiterated two days prior to being sworn in. AAP has moved to the Supreme Court against the Centre and the petroleum ministry to roll back CNG prices in Delhi. The CNG price had gone up by nearly 30 percent over the last one year.

    Today late evening the Aam Aadmi Party (AAP) filed a contempt plea against the Centre and the ministry of petroleum and natural gas saying that this ministry is in violation of a Supreme Court order. Supreme Court order had said that Administered Price Mechanism (APM) gas which is much cheaper than other forms of gas that you have in the country, all of it should first be given to the transportation sector and only if any of that gas left over should it go to other sectors. The AAP is alleging that the ministry of petroleum has violated that and that it has cut the allocation meant for the transportation sector in the city. If you look from the side of the oil ministry and one of the distributors of that gas in Delhi which is Indraprastha Gas Ltd (IGL), a listed company - it goes on to say, this is not our fault. The Gujarat High Court had come out and said that perhaps this needs to be cut and the allocation is being cut by 5 percent for the National Capital Region. It has also blamed the recent price hikes that you have seen over the last one year on the rupee’s depreciation and international gas prices going up. I do understand from sources that AAP is likely to file a detailed interlocutory application tomorrow because it ran out of time today.

    Read more at: CNG price hike: AAP moves to Supreme Court - Moneycontrol.com

    @Ray Sir 5 day old news
     
    Last edited by a moderator: May 10, 2015

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