In the recently taken decision over the changes in the cost of diesel and petrol every morning, UP has witnessed rise in VAT (Value Added Tax) on natural gas on Sunday. As per Indraprastha Gas Limited (IGL), the price of CNG (Compressed Natural Gas) has been increased by 3.52 per kg in the state today.
The rise in the cost have been implemented in three cities of Uttar Pradesh from 2-3 September midnight. The latest consumer cost of CNG will be Rs 47.94 per kg in UP. The three cities in which CNG prices have been increased include Noida, Greater Noida and Ghaziabad City.
By this every day price changes, India has adhered with the few nations including US and Australia where petrol prices are changed every day.
By June 16, state-owned oil marketing companies including Indian Oil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation implemented the everyday dynamic costing mechanism for petrol and diesel.
On Twitter, renowned Petroleum and Natural Gas Minister Pradhan posted, “Proud to share that India is first country to switch to dynamic fuel pricing on such a large scale in one go.”