Fuel Prices Surge Again in Delhi: CNG, Petrol, and Diesel Rates Increased
Fuel price shock: CNG, petrol, diesel rates hiked again in Delhi
Asianet Newsable
Image: Asianet Newsable
Fuel prices in Delhi have seen another increase, with CNG rising by ₹2 per kg, now costing ₹83.09. Petrol prices have crossed ₹100, reaching ₹102.12 per litre, while diesel is now ₹95.20. This marks the fourth hike in less than two weeks amid global crude market volatility.
- 01CNG prices in Delhi have risen by ₹2 per kg, marking the fourth increase in under 15 days.
- 02Petrol prices in Delhi have increased by ₹2.61 to ₹102.12 per litre, while diesel prices rose by ₹2.71 to ₹95.20 per litre.
- 03Similar price hikes were observed in other major cities: Kolkata, Mumbai, and Chennai.
- 04The government has previously cut excise duty by ₹10 per litre to mitigate the impact of rising fuel prices.
- 05The ongoing geopolitical tensions in West Asia and elevated global energy prices are contributing factors to the price increases.
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In Delhi, the prices of Compressed Natural Gas (CNG) have risen by ₹2 per kg, now costing ₹83.09, marking the fourth increase in less than 15 days. This hike follows a previous increase of ₹1 just days earlier. Petrol prices have crossed ₹100, increasing by ₹2.61 to ₹102.12 per litre, while diesel prices have gone up by ₹2.71 to ₹95.20 per litre. Similar increases were reported in other major metropolitan areas, including Kolkata, Mumbai, and Chennai. The recent hikes are attributed to volatility in global crude markets and geopolitical tensions in West Asia. The Indian government has attempted to cushion the impact on consumers by cutting excise duties, resulting in a loss of nearly ₹14,000 crore in tax revenue. These continuous increases in fuel prices are expected to raise transport and logistics costs, potentially leading to higher inflation and commuting expenses for households.
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The increase in fuel prices is expected to raise transport and logistics costs, which may lead to higher inflation and commuting expenses for households.
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