18th August 2022: Torrent Gas today announced that it has reduced the price of CNG and domestic PNG by Rs. 5 per kg and Rs 5 per scm respectively with effect from 17th August 2022 across all geographical areas where it is present.
Reduction in prices has been made possible due to increased allocation of domestic natural gas by the Ministry of Petroleum and Natural Gas. Under the revised guidelines of Ministry of Petroleum and Natural Gas for allocation of gas to domestic PNG and CNG segments of CGD sector, the share of domestic gas in the CGD sector requirement has been increased to 94% of the average consumption of April to June 22 quarter instead of the earlier allocation of 85% of the average consumption of Jan to March 22 quarter.
The reduction in prices, will bring significant relief to customers and will give further impetus to the adoption of Domestic PNG by households and CNG by vehicle owners. With this decrease, the revised price of Domestic PNG in Pune will be Rs. 46 per SCM ; (inclusive of taxes) representing a 26% discount to LPG and the revised price of CNG will be Rs.87 per Kg; (inclusive of taxes) representing a 45% discount to petrol.
About Torrent Group
Torrent Group, with revenues of Rs. 23,500 crores (USD 3.1 billion) and market cap of Rs. 75,000 Crores (USD 9 Billion), has a strong presence in Pharmaceuticals, Power and City Gas Distribution (CGD) sectors.
Torrent Pharma, the flagship company of the Group, is a dominant player in the cardiovascular and CNS segments with global presence spread across 40 countries.
Torrent Power is one of the largest private sector players in the power sector with presence across the entire power value chain – power generation, transmission and distribution. Torrent Power has an installed generation capacity of 4110 MW and distributes power to over 4 million customers in 12 cities.
About Torrent Gas
Torrent Gas, the Group’s City Gas Distribution (CGD) business, is one of the leading CGD companies in the country and has been authorised to set up CGD infrastructure and sell Compressed Natural Gas (CNG) to vehicle users and Piped Natural Gas (PNG) to industries and households in 34 districts across 7 States (Uttar Pradesh, Punjab, Gujarat, Maharashtra, Rajasthan, Tamil Nadu and Telangana) and 1 Union Territory (Puducherry). Torrent’s authorised areas, across the country have a population of approximately 9 Crores + people, which is about 7% of the total population of India.
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