Gujarat Gas has announced a price increase for CNG (Compressed Natural Gas), starting December 1. The new price will be Rs 77.76 per kg across the state, which is an increase of Rs 1.5 per kg. This is the third price hike in just a few months—there were earlier increases of Re 1 in July and another in August.
The new price goes into effect starting midnight on Saturday. This change will affect over 400,000 CNG vehicle users in South Gujarat, where there are about 250 CNG pumps, including 60 in Surat. Many auto-rickshaws and school vans use CNG, so these fare charges may also go up due to this price hike.
Big Changes Ahead for Gujarat Gas!
In other news, Gujarat Gas is merging with Gujarat State Petroleum Corporation (GSPC) and Gujarat State Petronet Ltd (GSPL) to make it easier to manage the company. This merger could help Gujarat Gas earn more money, with a projected increase in earnings per share (EPS) by 5 to 7% after new shares are issued.
The merger will be complete by August 2025 and will involve a big change in shareholding. As a result, the Gujarat government’s stake in Gujarat Gas will decrease from 60.9% to 25.9%, while other government entities will hold about 29%. Minority shareholders will own the rest.
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