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The Times of India
The Times of India
Business
Sanjay Dutta | TNN

IGL says CNG prices to stay high, may revise rates monthly

NEW DELHI: Compressed natural gas (CNG) consumers in Delhi-NCR (national capital region) are unlikely to get any respite anytime soon as Indraprastha Gas Ltd (IGL) may have to revise rates every month as a result of a new gas allocation guideline, even as the company is looking at reducing cost of operation to soften the blow for consumers.

“CNG prices are based on several factors. One of them is the cost of market-priced gas and LNG (gas imported in ships), which accounted for 20% of IGL’s CNG and PNG (piped natural gas) sales in 2021-22. These rates are expected to remain high for the time being because of the situation in Europe (Russia-Ukraine conflict). That will have an impact on CNG rates,” IGL managing director Sanjay Kumar said on Friday.

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