Indian Biogas Association demands Rs 90 per kg fixed rate for procurement of compressed biogas

The Indian Biogas Association (IBA) is advocating for a fixed procurement price of Rs 90 per kg for biogas by oil and gas marketing companies, aiming to boost the sector and emphasize its environmental benefits. Currently, the procurement price of compressed biogas (CBG) is linked to the retail selling price (RSP) of compressed natural gas (CNG), resulting in a lower price of Rs 59 per kg. IBA believes that CBG should command a premium price of Rs 90 per kg to reflect its environmental value.