IGL Shares Rally Over 4% After Delhi-NCR’s Fourth CNG Price Hike Since May 15
- 26th May 2026
- 11:00 AM
- 3 min read
Summary
Shares of Indraprastha Gas Ltd climbed over 4% on Tuesday after the company raised compressed natural gas prices in Delhi-NCR for the fourth time since 15 May 2026. The hike of Rs 2 per kg, effective from 6 am on Tuesday, comes as global energy markets remain under pressure from ongoing conflict in West Asia.Mumbai | 26 May 2026
Shares of Indraprastha Gas Ltd rose 4.48% to ₹167.67 on the NSE on Tuesday, as investors responded to a fresh round of CNG price increases across the Delhi-NCR region.
What Triggered the IGL Share Price Rally?
CNG prices in Delhi were raised by Rs 2 per kg with effect from 6 am on Tuesday, according to Indraprastha Gas Ltd. This marks the fourth hike since 15 May 2026, coming against the backdrop of highly volatile global energy markets as the conflict in West Asia continues without resolution.
IGL opened at ₹161.96 and touched an intraday high of ₹169.9, with volumes of over 36 lakh shares traded on the NSE by midday.
What Are the New CNG Prices Across Delhi-NCR?
The revised rates apply across IGL’s service areas with immediate effect. Consumers in Noida, Ghaziabad and Greater Noida will now pay Rs 91.70 per kg for CNG. Prices in Gurugram have risen to Rs 88.12 per kg, while Ajmer consumers will pay Rs 92.44 per kg. IGL confirmed that the revised rates came into force across Delhi from Tuesday morning.
Why Are CNG Prices Rising?
Natural gas and LPG supplies are facing pressure due to disruptions in global maritime trade routes. The Strait of Hormuz, which handles nearly 20% of global LNG trade, is under effective closure, disrupting the movement of energy commodities across
IGL at a Glance
Indraprastha Gas carries a market capitalisation of ₹27,118 Cr, with a P/E ratio of 16.47, an EPS of ₹9.74, an ROCE of 18.06%, and an ROE of 13.66%. The stock’s 52-week range stands at ₹141.74 to ₹229.
Outlook
Global energy market conditions and the trajectory of the West Asia conflict remain the key variables for CNG input costs. Further developments on the Strait of Hormuz situation will determine the pace of any future input cost adjustments for city gas distributors.
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