BAJAJ BROKING

Notification close image
No new Notification messages
card image
Travel Food Services IPO is Open!
Apply for the Travel Food Services IPO through UPI in just minutes.
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

IGL Raises CNG Prices by ₹1/kg in Delhi and Other Regions

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

IGL has increased CNG prices by ₹1/kg in Delhi, Noida, Greater Noida, Ghaziabad, and other regions, affecting transportation costs for various vehicles. The price hike extends beyond Delhi and its neighbouring areas. The prices hiked from ₹74.09/kg in Delhi to ₹75.09/kg.

CNG Price Hike News Today

Indraprastha Gas Limited (IGL) announced a price hike of ₹1 per kilogram (kg) for compressed natural gas (CNG) in Delhi, as well as in neighbouring cities and other markets. This adjustment marks the first increase in CNG prices in six months, impacting consumers and various sectors.

Details of the Price Hike

Before the increase, the price of CNG was ₹74.09 per kg in Delhi. With the hike, it now stands at ₹75.09 per kg. Similarly, in Noida, Greater Noida, and Ghaziabad, the price has been raised to ₹79.70 per kg from ₹78.70 per kg.

Explore: Indraprastha Gas Ltd Share Price

What’s Driving the Price Increase?

According to company executives, the hike is attributed to increased input costs. IGL has been relying more on imported and auctioned domestic gas, which is more expensive, to meet the growing demand. This shift has been necessary due to an inadequate supply of cheaper gas under government price control from ONGC’s fields.

Impact on Different Markets

The price hike extends beyond Delhi and its neighbouring areas. In Ajmer, Pali, and Rajsamand in Rajasthan, CNG prices have risen to ₹82.94 per kg from ₹81.94 per kg. Towns like Rewari in Haryana, Meerut, Muzaffarnagar, and Shamli in Uttar Pradesh, serviced by IGL, have also experienced increases in CNG prices.

Sectoral Reactions and Potential Consequences

The increase in CNG prices is expected to trigger demands for fare hikes by auto-rickshaw drivers, taxi operators, goods carriers, and bus operators. These stakeholders often pass on the increased operating costs to consumers, potentially impacting commuters and businesses relying on these modes of transport.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4.2 App Rating

icon-with-text

4 Languages

icon-with-text

₹5600+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|