GAIL Gas Limited and Confidence Petroleum sign an Agreement for setting up CNG Stations in Bengaluru

GAIL Gas Limited, and Confidence Petroleum India Limited (CPIL) have signed an agreement on March 25 in New Delhi for setting up 100 CNG Stations in Bengaluru to strengthen CNG network in Bengaluru  

GAIL Gas Limited and Confidence Petroleum sign an Agreement for setting up CNG Stations in Bengaluru

New Delhi: In a major fillip to the development of clean fuel ecosystem in Bengaluru, GAIL Gas Limited, and Confidence Petroleum India Limited (CPIL) have signed an agreement on March 25 in New Delhi for setting up 100 CNG Stations in Bengaluru to strengthen CNG network in Bengaluru.

Shri Vivek Wathodkar, Chief General Manager & Officer in Charge GAIL Gas Limited Bengaluru signed the agreement on behalf of GAIL Gas Limited while Shri Nitin Khara, Chairman & Managing Director CPIL inked the agreement on behalf of CPIL. Shri E.S. Ranganathan, Director (Marketing) GAIL (India) Limited, Shri M.V. Ravi Someswarudu, Chief Executive Officer, GAIL Gas Limited were also present at the occasion along with other officials of GAIL, GAIL Gas and CPIL.

As part of the agreement, CPIL will set up & operate 100 CNG Stations & associated facilities of GAIL Gas Limited in Bengaluru. The Dealership Agreement is for setting up 100 CNG stations in next 3 years’ time span. The new CNG stations will be located in core areas of city or at CPIL’s auto LPG retail outlet sites.

To optimise uptake of CNG and improve accessibility of CNG fuel for Bengalureans, GAIL Gas has been adpting various models of CNG dispensing in the city. GAIL Gas has extended its network through Company Owned Company Operated CNG Station model and CNG Stations at Retail outlets of Oil Marketing Companies. With this agreement, GAIL Gas will increase CNG Stations in the city on Dealership model.

In the current scenario, CNG presents an affordable and environment friendly alternative. The present price of CNG in Bengaluru is Rs. 51.50 per kg. Currently GAIL Gas has installed 55 CNG Stations in the city. Addition of another 100 CNG Stations through this Agreement will develop a strong and convenient network of availability of CNG in the Bengaluru urban and rural district and CNG Sale is expected to increase considerably.

About GAIL Gas Limited

GAIL Gas Limited is India’s one of the leading most promising City Gas Distribution company and is wholly owned subsidiary of GAIL (India) Limited. It is implementing City Gas Distribution network in 52 cities and towns across the nation. Company has connected around 6.10 + lakhs of households with domestic PNG, 700 Industries, 2900 commercial units and operating nearly 190 CNG Stations as on date. The company has been awarded as “Established CGD Company of the Year 2020” by FIPI.

About CPIL

Confidence Petroleum India Limited (CPIL) is India’s premier private Gas Retailer. Confidence Petroleum is India’s largest integrated private sector LPG company with its brands GoGas and GoGas Elite. Company operates 209 Auto LPG dispensing stations, 1 CNG and High-pressure Cylinder manufacturing plants, 15 LPG Cylinder manufacturing plants, 58 LPG bottling plants, 2000+ Packed LPG dealers in 22 states.

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