Now Reading: Delhi CNG price hiked Rs 3.89 per kg from August 29
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Delhi CNG price hiked Rs 3.89 per kg from August 29
Indraprastha Gas Limited (IGL) has increased the price of CNG in Delhi by Rs 3.89 per kilogram. The new rate of Rs 86.98 per kg will come into effect from 6 am…
Indraprastha Gas Limited (IGL) has increased the price of CNG in Delhi by Rs 3.89 per kilogram. The new rate of Rs 86.98 per kg will come into effect from 6 am on August 29. The old price was Rs 83.09 per kg.
IGL attributed the hike to the ongoing crisis in West Asia, which has disrupted LNG cargo movement through the Strait of Hormuz. The company said global LNG prices have nearly doubled compared to pre-crisis levels, and since a large portion of gas for CNG comes from imported LNG, the cost pressure has made the price revision necessary.
The price increase is effective from Saturday morning. IGL said this hike is a partial compensation for the rise in input costs.
Indian Opinion Analysis
CNG is already the cheapest auto fuel in Delhi compared to petrol and diesel, but every hike hits the city's large fleet of autos, cabs and buses that run on it. The price was last cut by small margins in early 2024 after a period of stability. IGL revises rates periodically based on its input gas cost, and the company has no tariff regulator that needs to approve such changes. The next relief for commuters depends entirely on how long the West Asian tensions keep LNG prices elevated. IGL's next pricing announcement will show whether the hike sticks or reverses.
The company sets the price based on a monthly average of its gas mix cost, so the next revision date in late September will be the key signal to watch.
Source: aajtak.in
This brief was synthesised by AI from the source linked above.
