CNG prices in Delhi-NCR have been raised by Re 1 per kg, marking the second increase within two days. Following this latest revision, CNG now costs Rs 80.09 per kg in Delhi and Rs 88.70 per kg in Noida and Ghaziabad. This hike comes after a Rs 2 per kg increase on May 15, which had already pushed prices in Delhi to Rs 79.09 per kg. The rising fuel costs are attributed to a significant surge in global crude oil prices, which have reportedly increased by over 50% since late February due to geopolitical tensions in the Iran conflict and disruptions in the Strait of Hormuz. In addition to CNG, petrol and diesel prices have also seen a hike of Rs 3 per litre, the first increase in more than four years, raising petrol prices in Delhi to Rs 97.77 per litre and diesel to Rs 90.67 per litre. Economists warn that these rising fuel prices could exacerbate inflation, affecting transportation and logistics costs, which in turn could impact the prices of essential goods and services.