New Delhi: Compressed Natural Gas (CNG) prices were raised by Rs 1 per kg across Delhi-NCR with effect from Sunday, marking the second hike in two days.
Following the latest revision, CNG will now cost Rs 80.09 per kg in Delhi. In Noida and Ghaziabad, the price has increased to Rs 88.70 per kg.
The latest hike comes after CNG prices were increased by Rs 2 per kg on May 15. With this revision, CNG prices have risen by a total of Rs 3 per kg within 48 hours.
Earlier on Friday, the Centre increased petrol and diesel prices by Rs 3 per litre across the country.
Following the revision, petrol prices in New Delhi rose from Rs 94.77 to Rs 97.77 per litre, while diesel prices increased from Rs 87.67 to Rs 90.67 per litre.
The fuel price hike comes amid rising global crude oil prices triggered by the ongoing conflict in West Asia. The geopolitical tensions, particularly the US-Israel and Iran conflict that began on February 28 this year, have disrupted global crude oil supplies and pushed Brent crude prices above USD 100 per barrel.
Union Minister Kiren Rijiju on Friday defended the hike in fuel prices, comparing India’s increase with those seen in other countries following the West Asia conflict.
“As the world battled rising fuel costs after the West Asia conflict, India stood apart. While several countries witnessed petrol & diesel hikes ranging from 20% to nearly 100%, India limited the increase to just +3.2% for petrol & +3.4% for diesel,” Rijiju said in a post on X.
He praised Prime Minister Narendra Modi’s leadership for balancing economic stability with public welfare and said public sector oil companies absorbed major losses to shield citizens from inflationary pressure.
“Even as Brent crude crossed $100/barrel and global markets turned volatile, India’s public sector oil companies absorbed huge losses for weeks to protect citizens from inflation and economic pressure,” Rijiju added.
Rijiju also shared figures comparing fuel price hikes in various countries. According to the data, Malaysia saw petrol prices rise by 89.7% and diesel prices by 112.7%, while the United States reported increases of 44% in petrol and 48.1% in diesel prices. China recorded hikes of 21.7% in petrol and 23.7% in diesel prices.
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