India’s largest gas marking firm state-run GAIL on Sunday slashed fuel rates up to 12% across 16 locations, including poll-bound Karnataka, effecting the new gas pricing mechanism that made the bulk of domestically-produced natural gas cheaper, benefiting more than 10.50 million households and 5.30 million transport vehicles serviced through over 5,110 gas stations across the country.
According to the latest pricing data, Bengaluru and Dakshina Kannada (a district in Karnataka) fell in the maximum price reduction bracket of ₹7 per unit for both piped natural gas (PNG) and compressed natural gas (CNG).
Effectively, the PNG rate fell by 11.96% to ₹51.50 per standard cubic meter (SCM) and CNG by 7.82% to ₹82.50 per kg. While CNG is used as a transport fuel, PNG is mainly used for cooking.
