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Cai Z

Weak rupee forces Indraprastha Gas Ltd to raise CNG prices - 1 views

articles.economictimes.indiatimes.com/...stha-gas-ltd-piped-natural-gas

Market Equilibrium exchange-rate Pricemechanism

shared by Cai Z on 20 Oct 14 - No Cached
  • Cai Z on 20 Oct 14
     
    As all of IGL's gas sources are dollar-linked, the entire input price is totally dependent on price of dollar vis-a-vis rupee, after a weaker rupee made imports costlier, the supplier of compressed natural gas (CNG)- the Indraprastha Gas Ltd (IGL) in Delhi and adjacent areas increased the price of the green fuel by 5%.
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