Prices of compressed natural gas, especially in Mumbai and Delhi, could be hiked by Rs 6-8 per kg soon. The key driver of this likely price hike is the reduction in domestic gas allocation for companies like Mahanagar Gas and Indraprastha Gas whose main operating regions include Mumbai and Delhi. Reduced allocation of domestic gas has a negative impact on the operating costs of the companies. Yogesh Patil, Director of Research at Dolat Capital speaks to NDTV Profit on the matter.
#news #cngpricehike #gasprices #ndtvprofit
———————————————————————————————————————
For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia
Visit NDTV Profit for more news: https://www.ndtvprofit.com/
Don’t enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports
Follow NDTV Profit here
Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit
LinkedIn: https://www.linkedin.com/company/ndtvprofit
Instagram: https://www.instagram.com/ndtvprofit/
Facebook: https://www.facebook.com/NDTVProfit/
source
