Adani Total Gas Reduces CNG, PNG prices benefitting 7 lakhs Homes and over 3 lakhs CNG consumers daily

Ahmedabad, 7 April 2023: Adani Total Gas Ltd (ATGL) welcomes the Government of India’s landmark decision to link the APM (Administered Price Mechanism) Price for gas supply to CNG vehicles and residential households to 10% of the Indian crude basket with a floor of $4 and a cap of $6.5 per MMBTU.

In line with our policy to prioritize our end consumers, ATGL has decided to pass through the benefit of the New Gas Pricing guidelines announced by the Government of India to our large numbers of Home PNG and CNG consumers, thus enhancing the affordability of PNG and CNG with a saving of over 40% for CNG consumers as compared to Petrol prices and around 15% for Home PNG consumers as compared to LPG prices.

Effective midnight tonight, ATGL is pleased to announce reduction in the price of CNG up to ₹ 8.13 / kg and the price of PNG up to ₹ 5.06 / scm. The reduction of gas prices in CNG and PNG in our various Geographical Areas (GA’s) across the country is provided in the attached Table.

ATGL believes that this landmark decision of reforming Gas Prices by the Government of India shall act as a growth catalyst to enhance the footprint of Home PNG and CNG vehicles in a rapid manner to ensure an increase in the share of natural gas from 6.5% to 15% in India’s energy basket by 2030 in line with the vision of Government of India. The substantial reduction in the CNG and PNG prices shall bring the much needed relief to the large number of users of both CNG and PNG in the country and in ATGL GA’s.

Besides reduction in the prices of CNG and PNG as a result of the new Gas Price Guidelines, ATGL is also pleased to announce a reduction in PNG prices for our Industrial and Commercial Consumers by ₹3.0/ scm its geographical areas (GAs). This will enable our Industrial and Commercial consumers to consume higher quantities of natural gas thus not only contributing towards the environment, but also optimizing their product costs.

ATGL is one of the largest CGD private listed CGD Company currently supplying CNG and PNG to ~7 lakh domestic, ~4,000 commercial, ~ 2,000 industrial customers and over 3 lac CNG users across our 460 CNG stations in India.