SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IGL mulls 20% increase in CNG prices

21 May 2010 Evaluate

Indraprastha Gas Ltd (IGL), the sole supplier of compressed natural gas (CNG) in the national capital region, may have to increase gas prices by a record 20 per cent or close to Rs 4.40 per kg. This may see a considerable increase in the fares of auto-rickshaws and buses, which run on this gas. CNG in Delhi currently costs Rs 21.90 per kg.

 

IGL in Delhi and Mahanagar Gas Ltd in Mumbai are the only city gas companies in the country that buy government-controlled gas, also called APM (administered price mechanism) gas. The government on Wednesday increased prices of APM gas by over 100 per cent to $4.20 per million British thermal units. The APM gas price increase will come into effect once the central government notifies it.

 

APM gas accounts for over 90 per cent of IGL’s gas consumption. Apart from 2.2 million standard cubic metres of gas a day (mscmd) under APM, IGL also buys .308 mscmd of gas from Reliance Industries KG D6 block and .4 mscmd of regassified LNG.

crackcrack

Indraprastha Gas Share Price

169.25 3.15 (1.90%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.80
Gujarat Gas 362.60
Indraprastha Gas 169.25
Mahanagar Gas 1125.45
Adani Total Gas 632.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×