Residents across Delhi-NCR are facing yet another increase in fuel prices as compressed natural gas (CNG) prices were raised for the second time in just two days on Sunday. With the latest revision, CNG prices in Delhi have increased by Re 1 per kg, bringing the cost to Rs 80.09 per kg. Meanwhile, consumers in Noida and Ghaziabad will now have to pay Rs 88.70 per kg.
Recent Price Trends
This fresh increase comes on the heels of a previous hike on May 15, when gas companies raised CNG prices by Rs 2 per kg. After that revision, the price in Delhi had climbed from Rs 77.09 per kg to Rs 79.09 per kg. The latest adjustment adds to the financial burden on commuters and households relying on CNG for transportation and cooking.
Broader Fuel Price Surge
The CNG hike follows a broader increase in fuel prices across the country. Earlier this week, petrol and diesel prices were raised by Rs 3 per litre, driven by rising global energy prices linked to the ongoing West Asia conflict. After the revision, petrol in Delhi is retailing at Rs 97.77 per litre, up from Rs 94.77, while diesel prices have increased from Rs 87.67 to Rs 90.67 per litre.
Reasons Behind the Hike
State-run oil companies have stated that the increase in CNG prices is part of efforts to offset higher input costs triggered by volatility in international energy markets. However, sources told news agency PTI that the current hikes still cover only a fraction of the surge in global fuel prices since the conflict escalated in West Asia. This suggests that further price revisions may be on the horizon if global conditions do not stabilize.
Impact on Consumers
The consecutive price hikes are expected to strain household budgets and increase transportation costs across the National Capital Region. Auto-rickshaw drivers, taxi operators, and other CNG-dependent users are likely to bear the brunt of the increases. With petrol and diesel also becoming more expensive, the overall cost of living in the region is set to rise.
Additional Information
For those tracking daily expenses, it may be useful to check gold and silver rates, bank holidays, public holidays, air quality index (AQI), and weather updates in Delhi. These factors also influence the economic landscape and daily life in the capital.
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