CNG suppliers likely to hike retail price to maintain profit margin, say analysts

CHENNAI: Many people using petrol and diesel-powered vehicles have begun to seriously consider shifting to a cleaner, and cheaper, alternative such as compressed natural gas (CNG), but analysts now expect a price hike for domestic natural gas during the next scheduled price revision this October. This is set to put pressure on the profit margins of CNG suppliers such as Indraprastha Gas and Mahanagar Gas, and may lead to a rise in retail prices too.