Summary:
Adani Gas said the hike comes in the wake of revision of domestically produced natural gas by the Ministry of Petroleum and Natural Gas. Adani Gas, which distributes natural gas in Ahmedabad and Vadodara, on Wednesday announced a hike of 4 per cent in the price of Compressed Natural Gas (CNG) and a steep increase of over 8 per cent in domestic Piped Natural Gas (PNG). The revision comes a day after Gujarat Gas hiked prices CNG, PNG prices by 4.5-5 per cent. Gujarat Gas hiked PNG price by over 5 per cent, while Adani Gas’s hike is 8.2 per cent. While revision of CNG prices by both companies is in line with the expected hike of 4 per cent, the hike in PNG price is much more..