Gas distributor Indraprastha Gas Limited (IGL) on Tuesday announced another increase in compressed natural gas (CNG) prices, marking the fourth hike in less than two weeks.
With the latest revision, CNG in Delhi will now cost Rs 83.09 per kg, up from Rs 81.09 per kg, an increase of Rs 2 per kg.
As per IANS reports, a company-linked update confirmed, “CNG prices have been revised upward across the National Capital Region.”
NCR cities see higher rates
The price hike is not limited to Delhi. Across the National Capital Region, rates have gone up:
- Noida, Ghaziabad, Greater Noida: Rs 91.70 per kg
- Gurugram: Rs 88.12 per kg
- Ajmer: Rs 92.44 per kg
This comes just days after a Rs 1 increase announced on Saturday, continuing a steady upward trend.
Transport operators say the repeated hikes are putting pressure on running costs, especially for taxis, buses and delivery vehicles that rely heavily on CNG, reported the news agency.
Petrol and diesel also get costlier
Along with CNG, state-owned oil marketing companies have also increased petrol and diesel prices for the fourth time in under two weeks.
- Delhi: Petrol: Rs 102.12 per litre (up Rs 2.61) and Diesel Rs 95.20 per litre (up Rs 2.71)
- Kolkata: Petrol Rs 113.51, Diesel Rs 99.82
- Mumbai: Petrol Rs 111.21, Diesel Rs 97.83
- Chennai: Petrol Rs 107.77, Diesel Rs 99.55
A series of revisions earlier this month included hikes on May 15, May 19 and May 23.
Why are prices rising?
As per IANS reports, experts link the continuous increase to global factors. They point to “volatility in international crude oil markets and concerns over supply disruptions due to tensions in the Middle East” as key reasons behind the rise.
Fuel prices are also influenced by currency exchange rates and domestic taxation policies.
Impact on daily life
The steady rise in fuel costs is expected to affect transportation and logistics expenses, which could eventually increase the price of essential goods. Daily commuters are also likely to feel the pinch through higher travel costs in taxis, buses and private vehicles.
Earlier, on March 27, the government had reduced excise duty on petrol and diesel to provide some relief to consumers, but recent global market conditions have reversed the trend.
(With IANS Inputs)