INSUBCONTINENT EXCLUSIVE:
Gas (IGL) and Gujarat Gas.
The respective target prices are Rs 1,200, Rs 390 and Rs 1,170.
Mahanagar Gas on June 9 hiked prices of domestic
piped natural gas (PNG) and compressed natural gas (CNG) by around Rs 1.51 and Rs 0.33 per kg, respectively, in Mumbai.
Price hikes,
according to CLSA, will offset 4 per cent rupee depreciation.
The announcement by MGL came after IGL and Gujarat Gas earlier raised gas
CNG price in the national capital last month was hiked Rs 1.36 per kg by IGL on pricey raw material because of a fall in the rupee and
higher natural gas prices
Gujarat Gas had earlier this month increased CNG price by Rs 1.10 per kg to Rs 50.75 (inclusive of taxes), from Rs 49.65, with effect from
was jumped 2.04 per cent to Rs 284.90
Gujarat Gas firmed up 0.87 per cent at Rs 835.95
The BSE Sensex climbed 0.36 per cent to 35,570.
