Gujarat Gas Limited has announced a hike in the price of compressed natural gas (CNG) by ₹1.5 per kilogram, effective immediately, according to reports of CNBC-Aawaz. Following the revision, CNG prices now stand at ₹79.26 per kg. The price adjustment reflects the company’s effort to address operational cost increases and maintain sustainable supply dynamics.
This price hike marks another development in Gujarat Gas’s operational strategies, coming at a time when the company is navigating fluctuating input costs and regulatory measures. The revision is expected to impact consumers and businesses reliant on CNG, further emphasizing the critical need for balance in energy pricing.
The company’s stock showed minor fluctuations post-announcement, trading at ₹498.30, down 0.08% from the previous close of ₹498.70, with a market cap of ₹343.23 billion.
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