NEW DELHI: Compressed Natural Gas (CNG) prices were increased by Re 1 per kg on Saturday, marking the third hike in less than 10 days amid rising global energy prices linked to the ongoing West Asia conflict and disruptions around the Strait of Hormuz.
With the latest revision coming into effect immediately, CNG in Delhi will now cost Rs 81.09 per kg. Prices in Noida, Greater Noida and Ghaziabad have risen to Rs 89.70 per kg, while Gurugram will see CNG priced at Rs 86.12 per kg.
The latest hike follows a Rs 2 per kg increase announced on May 15 and another Re 1 per kg hike on May 17. With the latest revision, CNG prices in Delhi climbed to Rs 80.09 per kg, breaching the Rs 80-mark for the first time.
Revised rates of CNG in major cities
| City | Prices |
| Delhi | Rs 81.09 per Kg |
| Noida | Rs 89.70 per Kg |
| Ghaziabad | Rs 89.70 per Kg |
| Greater Noida | Rs 89.70 per Kg
|
| Gurugram | Rs 86.12 per Kg |
The fresh revision comes even as petrol and diesel prices were also increased again on Saturday, marking the third hike in less than 10 days.
Petrol prices were raised by up to 87 paise per litre, while diesel prices increased by as much as 91 paise per litre across major cities.
In Delhi, petrol now costs Rs 99.51 per litre, up from Rs 98.64, while diesel prices rose from Rs 91.58 to Rs 92.49 per litre.
The consecutive hikes in CNG, petrol and diesel prices come amid mounting pressure on global energy markets due to escalating tensions in the Middle East and continued disruptions around the Strait of Hormuz, a key global energy corridor through which nearly one-fifth of the world’s oil and gas trade passes.
Global crude oil prices, which were hovering around $70–72 per barrel before the conflict, surged past $120 at one stage and are currently trading in the $104–110 range. India’s crude oil basket has averaged nearly $113–114 per barrel in recent months, compared to around $69 per barrel in February.
India imports nearly 90 per cent of its crude oil requirements, making domestic fuel prices highly sensitive to international market movements.
The back-to-back hikes in CNG, petrol and diesel prices are expected to increase transportation costs for private vehicle owners, cab drivers and commuters who depend on CNG as a relatively affordable fuel option.
Meanwhile, commercial vehicle operators and taxi unions continued their protest across Delhi-NCR against rising fuel prices and stagnant fares.
Transport bodies, including the All India Motor Transport Congress and Chalak Shakti Union, have demanded a rollback of recent fuel hikes, withdrawal of CNG surcharge and a revision in taxi fares, warning that mounting operational costs are severely impacting drivers’ livelihoods.
Also read: Petrol, diesel prices hiked third time, sees increase by around 90 paise — check rates in your cityReady to Make a Smarter Property Decision? Build Your Legacy with TOI Homes.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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