Delhi residents are facing another fuel price shock as CNG prices in the national capital have been increased by Rs 2 per kilogram, taking the retail rate to Rs 83.09 per kilogram. This marks the fourth hike in less than two weeks, with CNG prices rising by a total of Rs 6 per kilogram within just 11 days.
Repeated Increases Linked to Global Factors
The repeated increases come after recent hikes in petrol and diesel prices and are being linked to global energy market instability caused by the Iran conflict and tensions around the Strait of Hormuz. The fresh hike is expected to impact lakhs of commuters, auto-rickshaw drivers, taxi operators, and commercial transport services across Delhi-NCR.
Impact on Commuters and Economy
Auto-rickshaw drivers and taxi operators, who rely heavily on CNG, are likely to pass on the increased costs to passengers. Experts warn that rising transportation costs could eventually lead to higher prices of essential goods and household commodities, affecting the common man's budget.
The cumulative effect of these hikes is significant, as CNG has been a more affordable alternative to petrol and diesel. With the latest increase, consumers are feeling the pinch of global energy volatility on local prices.
