Oil Minister Veerappa Moily today said that CNG prices will be reduced by about Rs 15 per kg and piped natural gas by about Rs 5 per cubic meter. According to CNBC-TV18's Anuj Singhal a cut in prices of PNG (piped natural gas) is likely to be positive for Indraprastha Gas (IGL) as it would force a lot of people to shift from liquefied petroleum gas (LPG) to pipe gas.
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