Indraprastha Gas Falls; May Not Pass on Gas Price Hike

Shares in auto gas distributor Indraprastha Gas fell more than 3 per cent to its lowest level since early September on Tuesday.

Traders worry company might not pass higher gas prices on to consumers to keep it competitive versus diesel.

India on October18 lifted diesel price controls and raised the cost of natural gas by a third to $5.61 per mmBtu.

Copyright: Thomson Reuters 2014