- 16 May 2022
- ICICI Securities
IGL hikes CNG price by Rs. 2.5/kg
IGL - 359 Change: 3.00 (0.84 %)News: IGL hiked CNG price by Rs. 2.5/kg to Rs. 71.6/kg and domestic PNG price by Rs. 4.25/scm to Rs. 45.86/scm in Delhi.
Views: With increase in APM gas prices in April and LNG prices trending at high level, passing on higher costs to customers will benefit the company on margins front
Impact: Positive