Good News for Delhi-NCR: IGL slashes PNG rates ahead of New Year's Eve 2026

New Delhi: In a much welcome relief for residents in the Delhi-NCR region, Indraprastha Gas Limited (IGL) announced a reduction in the price of domestic Piped Natural Gas (PNG) ahead of New Year’s Eve 2026.

When will the new rates take effect?

The IGL has decided to reduce PNG price by Rs 0.70 per Standard Cubic Meter (SCM) for all residential consumers in the Delhi-NCR region. The fresh rates will come into effect from the start of 2026 and are expected to reduce household fuel expenses at a time when families are preparing for year-end budgets.

What are the new rates?

The latest rate cut by the IGL will see PNG being supplied in Deli at Rs 47.89 per SCM while consumers in Gurugram will pay Rs 46.70 per SCM. Residents of Noida, Greater Noida and Ghaziabad will be charged Rs 47.76 per SCM. The IGL expects the latest price reduction to provide significant financial relief for lakhs of consumers who rely on PNG for their daily cooking needs.

What is the core issue?
The new rates, which become effective from January 1, is aimed at easing the burden on residential consumers who rely on piped gas for their cooking and heating requirements.

What are the financial implications?
Even as the price reduction offers immediate relief to consumers, it could have a direct impact on revenue and profit margins of Indraprastha Gas Limited. The IGL will need to absorb the effect of the reduced rates, which may affect its profitability per unit sold. 

On the other hand, such rate adjustments may sometimes stimulate demand or help maintain market share against alternative fuel sources.

What is the market reaction?

The stock performance of the IGL may witness a reduction due to the latest rate cut. Investors will be looking closely at how the price cut affects the company's financial outlook for the upcoming quarters. 

The market and potential investors will be keen to understand the long-term strategy of the IGL behind this pricing decision.

What is the impact on consumers?

For millions of households in the Delhi-NCR region, this reduction in PNG prices translates into lower monthly energy bills. Piped natural gas is a primary source of energy for many, and any change in its cost has direct effect on household disposable income. 
This move by the IGL is particularly timely, offering additional comfort during harsh winter months.

What is the future outlook?

This price cut by the IGL could potentially set a precedent for other city gas distribution companies, especially if it is driven by favourable changes in the cost of natural gas supply or government directives. Market watchers will be keen to see if this trend continues and whether it signals a broader shift in energy pricing strategies across India.