Home / Economy / News / Indraprastha Gas may hike prices marginally to make up for rise in cost

Indraprastha Gas may hike prices marginally to make up for rise in cost

The Petroleum and Natural Gas Regulatory Board recently notified access codes for new city gas distributors, a move that is expected to simplify tariffs and attract investment in the sector

Premium

3 min read Last Updated : Nov 30 2020 | 11:58 PM IST

Indraprastha Gas (IGL), the country’s largest city gas distribution (CGD) company, said the oil and gas regulator’s decision to go for a unified tariff structure for pipelines is expected to increase the firm's input cost by 5-6 per cent and some of it will be passed on to consumers.

A K Jana, managing director of IGL, said since the impact on IGL is minimal, the hike in retail price will also be marginal as the transportation tariff for national pipelines constitutes only one-eighth of the final consumer price.

“We will face impact in some geographical areas, but that would be

Topics : Indraprastha Gas IGL Fuel prices

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in