Torrent Gas Increases CNG Prices Amid Rising Fuel Costs
Torrent Gas raises CNG price by Rs 2.50/kg
The Economic TimesImage: The Economic Times
Torrent Gas has raised the price of compressed natural gas (CNG) by ₹2.50 per kg, impacting residents and auto-rickshaw drivers in the city. This increase is part of a broader trend of rising fuel prices influenced by global energy market pressures and geopolitical tensions in West Asia.
- 01CNG price increased by ₹2.50 per kg.
- 02Residents express concern over rising fuel costs.
- 03Auto-rickshaw drivers report shrinking profit margins.
- 04Commercial LPG cylinder prices also increased recently.
- 05Global geopolitical tensions are driving fuel price hikes.
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Torrent Gas has announced a ₹2.50 per kg increase in the price of compressed natural gas (CNG) in the city, raising concerns among residents about escalating fuel costs. Locals have expressed worries that this hike will contribute to their daily expenses, while auto-rickshaw drivers are feeling the pressure on their earnings due to reduced profit margins. This price revision is part of a broader trend, as fuel prices have been rising nationwide. Notably, commercial liquefied petroleum gas (LPG) cylinder prices were increased from April 1, with a 19-kg cylinder in Delhi now costing ₹2,078.50, following a ₹195.50 hike. The increase in fuel prices is attributed to global factors, including geopolitical tensions in West Asia and disruptions in crude oil supply routes. The rise in energy costs is also affecting aviation turbine fuel (ATF) prices, which impacts airlines and airfares. As a result, consumers and businesses across various sectors are experiencing higher operating costs.
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The increase in CNG prices will affect daily commuting costs for residents and could lead to higher fares for auto-rickshaw services, impacting low-income commuters the most.
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