CNG Prices in Delhi Surpass ₹80/kg Following Recent Hikes
CNG prices hiked again: Delhi CNG crosses Rs 80/kg after Re 1 hike, second increase in 48 hours
Image: The Economic Times
Indraprastha Gas Limited (IGL) has increased compressed natural gas (CNG) prices by Re 1 per kg in Delhi, marking the second hike in 48 hours. The new price of ₹80.09 per kg in Delhi and ₹88.70 per kg in Noida and Ghaziabad reflects rising fuel costs amid global oil price fluctuations due to geopolitical tensions.
- 01The latest CNG price hike in Delhi is the second increase within 48 hours, following a ₹2 per kg rise on May 15.
- 02CNG in Noida and Ghaziabad is now priced at ₹88.70 per kg.
- 03The recent price hikes coincide with a broader increase in petrol and diesel prices, which rose by approximately ₹3 per litre on May 15.
- 04The increase in fuel prices is attributed to disruptions in the Strait of Hormuz, impacting global oil supply.
- 05Parliamentary Affairs Minister Kiren Rijiju noted that India's petrol and diesel price increases are comparatively lower than those in other countries.
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Indraprastha Gas Limited (IGL) has announced a Re 1 increase in the price of compressed natural gas (CNG), bringing the cost in Delhi to ₹80.09 per kg. This marks the second price hike in just 48 hours, following a ₹2 per kg increase on May 15, which had already raised the price to ₹79.09 per kg. In Noida and Ghaziabad, CNG is now priced at ₹88.70 per kg. The recent hikes come amid broader fuel price adjustments, including a ₹3 per litre increase in petrol and diesel prices, which now stand at ₹97.77 per litre and ₹90.67 per litre respectively in Delhi. These changes are influenced by rising international crude oil prices, exacerbated by geopolitical tensions affecting oil supply routes, particularly the Strait of Hormuz. Parliamentary Affairs Minister Kiren Rijiju highlighted that while many countries have experienced substantial fuel price hikes, India's increases remain relatively modest, with petrol and diesel rising by only 3.2% and 3.4% respectively.
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The increase in CNG prices will directly affect commuters in Delhi-NCR, leading to higher transportation costs.
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