IGL shares gained nearly 4.5% after the company announced another increase in compressed natural gas (CNG) prices across Delhi-NCR. The latest revision marks the fourth hike in CNG prices within just two weeks, bringing fresh concerns for daily commuters and commercial vehicle operators.
The company raised CNG prices by ₹1 per kilogram across the region. With repeated increases in a short period, the overall cost of fuel for CNG users has steadily gone up.
The announcement also triggered buying interest in the stock market, with investors expecting the higher fuel rates to support the company’s earnings and revenue growth. Shares of IGL moved higher during trading as the market reacted positively to the development.
For consumers, however, the repeated price revisions could increase transportation costs. Auto-rickshaw drivers, taxi operators and other commercial vehicle owners who depend heavily on CNG may feel the impact more strongly, as fuel expenses form a major part of their daily operating costs.
Despite the recent hikes, CNG continues to remain relatively cheaper than petrol and diesel, making it an important choice for many vehicle owners looking to reduce fuel spending.
While investors welcomed the development, many consumers will now be watching closely to see whether the recent cycle of CNG price increases finally slows down.
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