Owing to the state government’s decision to reduce value added tax (VAT) on compressed natural gas (CNG), with effect from September 1, 2022, Adani Total Gas Limited (ATGL) has reduced CNG prices by Rs 6.42 a kg in Udupi geographical area with effect from September 3, 2022 ( midnight).
The state government has reduced VAT from 14.5 per cent to 5 per cent on the sale of CNG from September 1, 2021. In line with its stated policy of taking care of consumer interest, the company will pass on the complete benefit to consumers.
ATGL operates five CNG stations in Udupi district. It is also executing the piped natural gas (PNG) supply project in the district and household supply is expected to begin in six months. ATGL supplies PNG to domestic, commercial, industrial and CNG across the country with more than 0.56 million domestic customer, 4,000 commercial customers, 1,800 industrial customers and 349 CNG stations.