Now Reading: IGL hikes CNG price by Rs 3.89 per kg in Delhi
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IGL hikes CNG price by Rs 3.89 per kg in Delhi
Indraprastha Gas Ltd (IGL) increased CNG prices in Delhi and adjoining cities by Rs 3.89 per kg from 6 am on Saturday, citing higher imported LNG costs. The company said a significant…
Indraprastha Gas Ltd (IGL) increased CNG prices in Delhi and adjoining cities by Rs 3.89 per kg from 6 am on Saturday, citing higher imported LNG costs. The company said a significant portion of its input gas for CNG comes from imported LNG, whose spot market rates have surged since the West Asia conflict began.
IGL stated that with international LNG prices remaining elevated and the cost impact becoming significant, the calibrated revision was necessary to partially offset the increase in input gas cost. The new price took effect from 6 am on Saturday.
Indian Opinion Analysis
This is not the first price adjustment by IGL since West Asia tensions flared. The company has passed on incremental cost increases in previous quarters, but this Rs 3.89 per kg rise is among the sharper ones. For a Delhi auto-rickshaw driver covering 100 km daily, the hike adds roughly Rs 15-20 per day to fuel costs, depending on vehicle efficiency. IGL supplies CNG to over 1.5 million vehicles in the National Capital Region, so the cumulative impact on household transport budgets is significant. The price of domestic natural gas, which also influences IGL's costs, is set by the government every six months, the next revision is due in October.
Source: thehindubusinessline.com
This brief was synthesised by AI from the source linked above.
