CNG prices increased by Rs 2 per kg in Delhi, fourth hike in two weeks
PTC News Desk: CNG prices were increased once again on Tuesday, rising by ₹2 per kg from the earlier rate, marking the fourth hike in less than two weeks amid surging global energy prices. With the latest revision effective from 6 am on May 26, CNG in Delhi now costs ₹83.09 per kg.
This is the third increase in CNG prices within nine days and the fourth in the past 11 days. Earlier, rates were raised by ₹1 per kg on Sunday and again by ₹1 per kg on Friday, following a ₹2 per kg hike on May 15. Overall, CNG prices in Delhi have gone up by ₹7 per kg since May 15. However, prices of piped natural gas supplied to households and domestic LPG cylinders remain unchanged for now.
The latest hikes come as oil marketing companies continue to face pressure due to rising global crude oil prices. Industry sources attribute the surge to concerns over potential disruptions in the Strait of Hormuz, a key global oil shipping route, amid ongoing US-Iran tensions.
Global crude markets remain volatile due to supply worries linked to instability in the Gulf region. Brent crude is currently trading at around USD 86 per barrel, compared to USD 72 before the Middle East conflict escalated on February 28.
Notably, this increase comes just days after petrol and diesel prices were also raised across the country on Saturday, marking the third fuel price hike this month amid rising crude costs and geopolitical tensions in West Asia.
- PTC NEWS
