PNGRB has knocked the gas out of city-gas supplier IGL as it fixed the company's new tariffs at a much lower-than-expected level, reports CNBC-TV18's Nayantara Rai.
Indraprastha Gas has not yet decided on pricing petroleum products it sells even after the Petroleum and Natural Gas Regulatory Board directed Indraprastha Gas Ltd asked the company to cut tariffs.
In an interview to CNBC-TV18, M Ravindran, managing director of IGL says, Q4 will be the best quarter of FY12. "This is going to be a good quarter where sales are touching around 3.6-3.8 mmscmd," he adds.
Indraprastha Gas Ltd (IGL) has hiked the price of compressed natural gas. 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.