IGL Stock Rises 2% After CNG Price Hike in Delhi-NCR

Indraprastha Gas Ltd (IGL) shares climbed over 2% in early Monday trade following the company’s decision to raise Compressed Natural Gas (CNG) prices across the Delhi-NCR region.

This price adjustment, effective August 29, aims to partially offset the mounting input costs driven by elevated international LNG prices and higher imported spot LNG costs.

Key Price Revisions

• CNG price increased by Rs 3.89 per kg.
• Retail CNG price in Delhi now stands at Rs 86.98 per kg.
• In Noida and Ghaziabad, CNG is priced at Rs 95.59 per kg.
• Gurugram residents will now pay Rs 92.01 per kg for CNG.

The company highlighted that the hike was crucial for mitigating rising gas expenses while ensuring consistent CNG supplies, supported by stronger consumption from India’s economic activity.

While the stock’s immediate response was positive, signaling an improved capacity to absorb higher input costs, city gas distributors continue to face margin pressure due to the inherent volatility of international gas prices.

Market Performance Overview

• Stock declined over 27% in the past year.
• The stock has seen an approximately 22% decline in 2026 alone.

The long-term sustainability of these gains depends significantly on the future trajectory of international LNG prices and IGL’s ability to implement further price adjustments without negatively impacting CNG demand.

Investors are closely monitoring how these higher CNG prices will affect IGL’s realisations and overall margins, especially if elevated LNG costs persist amidst ongoing geopolitical uncertainties.