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GGC raises prices of products

GGC raises prices of products
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With effect from January 16, the price of CNG was raised from Rs 50.20 per kg to Rs 56.90 per kg by
GSPC Gas Company (GGC).

GGC, which is a subsidiary of the state-run Gujarat State Petroleum Corporation (GSPC), also hiked prices of piped cooking gas from Rs 18.18 to Rs 21.50 (Rs 24.73 with taxes) per standard cubic metre (pscm).

For industrial consumers, it raised prices from Rs 29.20 pscm to Rs 32.10 (Rs 36.92 with taxes). It has around 1,700 consumers in the category.

The firm raised these prices citing non-allocation of cheaper natural gas from the centre. In an official statement, the firm said there was no allocation of cheaper domestic gas by the central government in spite of several representations made by the Gujarat government and repeated requests by GGC.

GGC, which supplies domestic cooking gas to around 3.9 lakh consumers in the state, operates with a network of around 119 CNG stations.

The company also hiked gas prices in non-commercial category, comprising charity institutions from Rs 20.80 to Rs 28 pscm (Rs 32.20 with taxes). The Gujarat government levies 15 per cent VAT on natural gas.

It is learnt that GGC supplies gas to industry that is based largely in South Gujarat region comprising Valsad, Vapi, Umbergaon, Hazira and Halol. It also supplies gas in Gandhinagar, Nadiad, Morbi, Thangadh, Sunredranagar and Rajkot.

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