CNG, Petrol, and Diesel Prices Increase Amid Global Oil Surge
After petrol, diesel, CNG prices hiked for third time by Re 1 per kg - check rates in your city
The Times Of IndiaImage: The Times Of India
CNG prices have risen by Re 1 per kg for the third time in less than 10 days, now costing Rs 81.09 in Delhi. Concurrently, petrol and diesel prices also increased, driven by global crude oil price surges due to Middle East tensions. The hikes are expected to impact transportation costs significantly.
- 01CNG prices in Delhi increased to Rs 81.09 per kg, with Noida and Ghaziabad at Rs 89.70 per kg.
- 02Petrol prices rose to Rs 99.51 per litre in Delhi, while diesel reached Rs 92.49 per litre.
- 03Global crude oil prices surged from around $70-72 per barrel to between $104-110 due to geopolitical tensions.
- 04India imports nearly 90% of its crude oil, making domestic prices sensitive to international fluctuations.
- 05Taxi unions and transport bodies are protesting against rising fuel costs and stagnant fares, demanding a rollback of recent hikes.
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The recent hike in Compressed Natural Gas (CNG) prices marks the third increase in less than 10 days, now costing Rs 81.09 per kg in Delhi. This follows earlier increases of Rs 2 on May 15 and Re 1 on May 18. In Noida and Ghaziabad, CNG prices are now Rs 89.70 per kg. Concurrently, petrol prices have risen to Rs 99.51 per litre and diesel to Rs 92.49 per litre in Delhi, reflecting a broader trend of increasing fuel costs driven by surging global crude oil prices, which have escalated due to ongoing tensions in the Middle East and disruptions in the Strait of Hormuz. These price hikes are expected to significantly impact transportation costs for private vehicle owners and commuters reliant on CNG. Protests have erupted among taxi unions and transport bodies in the Delhi-NCR region, demanding a rollback of the recent fuel price increases and adjustments in taxi fares to alleviate the financial burden on drivers. The situation highlights the sensitivity of India's fuel prices to international market dynamics, given that the country imports nearly 90% of its crude oil requirements.
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The increase in fuel prices is likely to raise transportation costs for commuters and private vehicle owners, affecting their daily expenses.
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