Compressed natural gas (CNG) prices in Delhi-NCR have been increased by Rs 2 per kg from Tuesday, pushing retail rates to Rs 83.09 per kg and adding further pressure on commuters and transport operators already dealing with rising fuel costs.
The latest revision comes amid a broader surge in fuel prices across the country, with petrol and diesel also witnessing multiple hikes over the past two weeks as state-run oil companies respond to rising global crude oil prices.
Multiple CNG Hikes In May
This is the fourth increase in CNG prices since mid-May. Earlier this month, rates were raised by Rs 2 per kg on May 15, followed by Re 1 hikes on May 17 and May 23.
Before Tuesday’s revision, CNG in Delhi was priced at Rs 81.09 per kg. With the latest increase, the cumulative hike since May 15 has now climbed sharply, reflecting continued volatility in global energy markets.
Fuel retailers have cited higher import costs, global supply disruptions and rising crude oil prices as major reasons behind the revisions.
Global Oil Market Pressures Continue
International crude prices have remained elevated due to geopolitical tensions in West Asia and concerns around shipping disruptions near the Strait of Hormuz, one of the world’s most critical oil transit routes.
Higher freight costs and a weaker rupee have also added to the pressure on Indian fuel retailers, increasing the cost of imports.
Petrol And Diesel Also Costlier
Petrol and diesel prices have also been revised upward repeatedly in recent weeks.
On May 25, petrol prices were increased by Rs 2.61 per litre and diesel by Rs 2.71 per litre — the fourth hike in less than two weeks. Since May 15, cumulative increases in petrol and diesel prices have reached nearly Rs 7.5 per litre.
Following the latest revision, petrol in Delhi is now priced at Rs 102.12 per litre, while diesel costs Rs 95.20 per litre.
Earlier hikes included increases of 87 paise to 90 paise per litre on May 19 and May 23, along with a Rs 3 per litre jump announced on May 15.
Oil Companies Facing Heavy Losses
State-run oil marketing companies — including Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited — continue to face pressure from elevated global crude prices.
According to industry estimates, oil retailers are still incurring significant under-recoveries on petrol, diesel and domestic LPG sales despite recent price hikes.
Officials have indicated that rising global energy costs continue to strain fuel companies, with analysts warning that sustained increases in fuel prices could further push up inflation and transportation costs across sectors in the coming weeks.
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