International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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A COST-BENEFIT ANALYSIS OF COMPRESSED NATURAL GAS IMPLEMENTATION IN PETROL CARS IN DELHI

    1 Author(s):  DEEPTI KOHLI

Vol -  8, Issue- 8 ,         Page(s) : 53 - 69  (2017 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Successful implementation of Compressed Natural Gas (CNG) in public transport in Delhi increased its popularity as a vehicular fuel amongst private car owners. This study estimates social costs and benefits of converting a small baseline petrol car into CNG. It is found that the Net Present Value (NPV) comes out to be positive in this scenario. The analysis is then extended further - first, when the social premium on foreign exchange is included and second, when the price of carbon is altered. The NPV of the cost benefit analysis turns out to be positive in the above two cases as well.

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