Key Points
CNG prices across India may increase as the government reduces the allotment of cheap domestic gas by about 20% to city gas distributors..
Indraprastha Gas Ltd and others face a significant impact on profitability and may need to source costly alternatives from the market, potentially raising consumer prices by Rs 4-6 per unit.AgenciesCNG prices may rise as Govt cuts domestic gas supply to city gas firms..
New Delhi: The price of compressed natural gas (CNG) may rise across the country after the government cut the allocation of cheaper domestic gas by about 20% to city gas distributors...
The latest cut in allocation will not affect household supplies but may push up CNG prices, city gas executives said.. Indraprastha Gas Ltd, the nations largest city gas distributor, has said the company has been receiving 21% less APM gas since October 16, which will have an adverse impact on profitability of the company...
Some city gas distributors, which were already charging very high CNG prices, may not have room for further hike, another industry executive said..
