To maintain the advantage, Delhi boosted PNG pricing while maintaining CNG rates.

Indraprastha Gas Ltd increased PNG (piped natural gas) rates in the capital and neighboring cities by Rs 2.63 per unit . CNG (compressed natural gas) rates unchanged at Rs 75.61 per kg .

Indraprastha Gas Ltd increased PNG (piped natural gas) rates in the capital and neighboring cities by Rs 2.63 per unit on Friday to partially offset the impact of rising natural gas prices, but left CNG (compressed natural gas) rates unchanged at Rs 75.61 per kg.In spite of higher oil prices, IGL and other CNG operators are facing a dilemma as a result of the long freeze on diesel and petrol rates.Higher gas prices will narrow the advantage over liquid fuels and discourage conversion to CNG, limiting the effectiveness of their investments in network expansion, particularly when electric vehicle sales are up.However, IGL will not be able to keep the price line for long.

In Noida, Greater Noida, and Ghaziabad, the rate will be Rs 50.46 per unit.It will be priced at Rs 48.79 in Gurugram.The primary pressure point for IGL is the price of gas supplied to it by the government under a price pooling scheme.Since domestic gas is scarce, the government has recently started pooling prices of domestic and imported gas supplied to IGL.

Since April, domestic gas prices have also increased to $6.1 a litre.Even under this arrangement, the amount of imported gas remains high, leaving the pooled price vulnerable to global market fluctuation.Since the Ukraine conflict broke out, spot LNG prices soared to $40 per unit (mmBtu) and are now at $30, or more than three times the normal rate.The share of imported gas in the company sales increased to 20% in 2021-22 under the current system, which IGL imported gas from the spot market to compensate for a shortfall.

Any dollar increase in gas price has an effect of Rs 4-4.50 on retail prices, according to the thumb rule.With the deterioration of the Indian currency, this rises.