The ongoing Russia-Ukraine war is leaving its effect all over the world with each passing day. The rise in prices of natural gas is also under the radar, Green Gas Limited which is a joint venture of GAIL (Gas Authority of India Limited)and Indian Oil Corporation has reduced the supply in Lucknow by 20 percent.
“The reduction in supply of CNG and PNG will have a direct impact on nearly 4,000 CNG-run vehicles and 60 industrial units set up within the city limits. We have asked the industrial units to make necessary arrangements and switch their operations to commercial LPG or diesel, as there is no clarity on the restoration of supply by GAIL”
The Green Gas Limited supplies 1.45 lakh kg of CNG and PNG in Lucknow on regular days, but due to the flow in the international prices, the supply has been decreased by up to 15000-20000 kg per day.
Presently, the charges for piped gas service for domestic use is ₹38.5 per standard cubic metre(SCM) up to 45 SCM and above 45 SCM it’s ₹46.33 per SCM. And if the price of natural gas continued to rise then the rates of piped gas services for domestic usage would also go up.
The Indian supply chain has suffered drastically from the price hike in the international market.
“India imports a major part of its natural gas from Qatar. Some part of the demand is met from wells in Rajasthan and other states. Due to the Russia-Ukraine crisis, there is a gas shortage. Supply in Europe and international companies are finding it difficult to meet demand “
A senior GAIL official
