Breaking News: Torrent Gas Pune Limited Announces CNG Price Hike In Pune District
Pune, 3rd March 2023: Torrent Gas Pune Limited, a leading supplier of compressed natural gas (CNG) in the Pune District, has announced an increase in its CNG retail selling price.
The company has decided to raise the CNG price from the prevailing Rs. 93 per kg to Rs. 94 per kg with effect from midnight of 3rd March 2023 (00:00 hour of 4th March 2023).
The decision to hike the CNG price has been taken in view of the rising cost of natural gas and transportation. The company sources its natural gas from various fields across the country and transports it to its CNG stations through pipelines.
According to the company’s statement, the exact time and dispenser readings will be noted in the presence of the Dealer/Manager, which will be used for fortnightly billing. The change will be effective at all stations where CNG supply is by Torrent Gas Pune Limited.
The price hike is likely to impact the daily commute of CNG vehicle owners in Pune District. However, Torrent Gas Pune Limited has assured its customers that it remains committed to providing high-quality CNG at affordable prices.
Torrent Gas Pune Limited operates several CNG stations across the Pune District, providing a clean and cost-effective alternative to conventional fuels. The company has been at the forefront of promoting CNG as a sustainable fuel for transportation and has been actively expanding its network of CNG stations in the region.
The price hike is expected to generate some revenue for the company, which can be used for future expansion and development. However, the move is likely to face criticism from consumers who may find it difficult to absorb the additional cost.
As the CNG price hike comes into effect, it remains to be seen how it will impact the overall CNG market in Pune District and whether other players in the market will follow suit.
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