India initiates fresh review of gas pricing formula in the wake of rising gas prices 

Amid rising concerns over skyrocketing global natural gas prices jacking up energy and industrial costs, and derailing the efforts to contain inflation, the Centre has begun a review of the pricing formula for domestically-produced gas. The ministry of petroleum and natural gas has set up a committee under noted energy expert Kirit Parikh to review […]

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Indraprashtha Gas in Delhi NCR region unlikely to cut automobile CNG prices; Mahanagar Gas in Maharashtra cut prices last week

Indraprastha Gas (IGL) is unlikely to prune prices for automobile fuel compressed natural gas (CNG) any time soon, even as the government earlier in the month raised allocation of domestically-produced natural gas to city gas distribution (CGD) entities, aimed at reducing their input costs with the hope that they would pass on the benefit on to […]

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Rising CNG prices put spanner in the vehicles segment growth: Motilal Oswal report

Rising prices of compressed natural gas (CNG) are likely to dent the sales of CNG-powered vehicles. Moreover, these vehicles could face competition from their electric counterparts. According to a Motilal Oswal report, the Indraprastha Gas management has admitted that the introduction of electric vehicles can slash the demand for CNG vehicles long-term. Delhi-based Indraprastha Gas is making plans […]

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