Quote on Delhi Government cut vat on petrol to 19.4%, negative for Indraprastha Gas Ltd By Mr. Yash Gupta, Angel One Ltd
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Below is quote on Delhi Government cut vat on petrol to 19.4%, negative for Indraprastha Gas Ltd By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
The decrease in petrol price will impact the demand for CNG vehicles in Delhi, as the difference between the cost per kilometre will come down between petrol and CNG. All this will impact the demand of CNG in Delhi for Indraprastha gas ltd, we have a neutral view on IGL.
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