IGL hikes CNG pricesIGL - 401 Change: -6.90 (-1.69 %)
News: As per media reports, IGL has hiked CNG price in Delhi by Rs.0.5/kg to Rs.57.5/kg. In other geographical areas, it increased CNG prices in the range of Rs.0.5-1/kg
Views: This price hike is being done to partially pass on higher gas sourcing costs following a surge in global LNG prices. Competitive advantage of CNG against traditional fuels is likely to be maintained amid media reports indicating that petrol and diesel prices are also likely to be hiked, going ahead.