Fuel Price Hikes in India: CNG Remains the Cheapest Option
CNG vs petrol vs diesel: Which fuel remains cheaper after the latest price hikes?
Business News India
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In India, recent price hikes have increased the costs of Compressed Natural Gas (CNG), petrol, and diesel. CNG prices in Delhi have risen to ₹81.09 per kg, while petrol and diesel are priced at ₹99.51 and ₹92.49 per litre, respectively. Despite these increases, CNG still offers a cost advantage, especially for high-usage drivers and commercial operators.
- 01CNG prices in Delhi have increased to ₹81.09 per kg, while petrol is now ₹99.51 per litre and diesel is ₹92.49 per litre.
- 02CNG remains approximately ₹18 cheaper than petrol and over ₹11 cheaper than diesel in Delhi.
- 03CNG vehicles provide lower operating costs per kilometre compared to petrol vehicles, making them attractive for commercial use.
- 04The price hikes are driven by global energy market volatility, particularly due to tensions in West Asia and disruptions in the Strait of Hormuz.
- 05India imports nearly 90% of its crude oil, making domestic fuel prices sensitive to international market fluctuations.
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Fuel prices in India have recently surged, with Compressed Natural Gas (CNG) prices in Delhi now at ₹81.09 per kg. Petrol and diesel prices have also risen, reaching ₹99.51 and ₹92.49 per litre, respectively. Despite these hikes, CNG retains its position as the most economical fuel option, being approximately ₹18 cheaper than petrol and over ₹11 less than diesel. This price advantage is particularly significant for commercial operators, such as taxi services and fleet owners, who are sensitive to fuel costs. The recent increases in fuel prices are attributed to global market volatility, particularly tensions in West Asia and disruptions in the Strait of Hormuz, a critical energy transit route. As India imports nearly 90% of its crude oil, domestic fuel prices are heavily influenced by international developments. Although the gap between fuel options has narrowed, CNG continues to be a cost-effective choice for many consumers, especially those with high fuel usage.
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The rising fuel prices affect vehicle owners, particularly those using CNG as a more economical option, and may influence commuting costs for daily travelers.
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