Indraprastha Gas Ltd (IGL) has hiked the price of compressed natural gas (CNG) by Rs 1.75 per kg in Delhi and by Rs 2 per kg in Noida, Greater Noida and Ghaziabad.
In an interview to CNBC-TV18, M Ravindran, managing director of IGL says, the company has passed on the entire additional cost because of the rupee devaluation and issue of gas price increase. Below is the edited transcript of his interview with CNBC-TV18's Sonia Shenoy and Gautam Broker. Also watch the accompanying video. Q: You have raised prices for CNG. Have all of the additional costs been passed? What exactly are you trying to pass on in terms of PNG going forward? A: I think we have passed on the entire additional cost we have been incurring because of this rupee devaluation and issue of gas price increase. Practically that is the process that we have been following all these past few months. Because of these issues, I think this is how we have to go in the coming years also. Q: What about PNG? The last hike you took was in September. After that, prices have not been raised. WhatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
