Auto rickshaws queue at a CNG station displaying increased prices in Delhi.
The price of Compressed Natural Gas (CNG) in Delhi has been adjusted upwards by Rs 1 per kg, marking the third such increase within a ten-day period. This latest hike follows similar upward adjustments in the prices of petrol and diesel.
The surge in CNG prices is directly linked to escalating global energy market pressures. Tensions in the Middle East and disruptions around the Strait of Hormuz have significantly driven up international crude oil prices. These global price fluctuations are now being reflected in domestic fuel costs, impacting the price of natural gas and its derivatives like CNG.
This trend underscores the sensitivity of energy markets to geopolitical events and their immediate impact on consumer fuel expenses in major urban centers like Delhi.
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