Second hike in 48 hours: CNG prices rise again in Delhi amid global oil crisis

New Delhi, May 17 CNG prices have become expensive again in Delhi. Prices were raised by Re 1 per kg on Sunday. This is the second increase in just two days, further increasing the burden of fuel costs on commuters in the Delhi-NCR region.

CNG prices in Delhi rose by Re 1 to Rs 80.09 per kg on Sunday. This is the first time that CNG prices in Delhi have crossed the Rs 80 mark. Following this increase, CNG prices in Noida and Ghaziabad will now cost Rs 88.70 per kg.

Earlier, on Friday, CNG prices were increased by Rs 2 per kg. At that time, the price of CNG in Delhi had risen to Rs 79.09 per kg.

Petrol prices were also increased by approximately ₹3 per liter and diesel by approximately ₹3 per liter in the national capital on Friday. Following this change, petrol is selling at ₹97.77 per liter and diesel at ₹90.67 per liter in Delhi.

This surge in fuel prices comes amid escalating tensions in West Asia and the continued blockade of the Strait of Hormuz, one of the world’s most important energy trade routes. Nearly a fifth of global oil and gas trade passes through this narrow strait, and supply disruptions have led to a sharp rise in international crude oil prices.

Responding to criticism over rising fuel prices, Union Minister Kiren Rijiju recently stated that India has managed to contain the increase in petrol and diesel prices despite the sharp surge in global crude oil prices.

He pointed out that while fuel prices in many countries have seen increases ranging from 20 percent to nearly 100 percent, petrol and diesel prices in India have risen by only 3.2 percent and 3.4 percent, respectively. Rijiju said that while global markets are volatile, India’s public sector oil marketing companies bore heavy losses for weeks to protect consumers from the major impact of inflation.