CNG Price HikeExplained:Daily commuters in Delhi and Mumbai are set to face higher travel costs after compressed natural gas (CNG) prices wereincreased by Rs 2 per kgamid disruptions in the global energy market linked to the Iran conflict and Hormuz blockade concerns. In Delhi, the revised CNG price has gone up from Rs 77.09 per kg to Rs 79.09 per kg. In Mumbai and nearby areas under the Mumbai Metropolitan Region (Mumbai, Thane, Navi Mumbai, adjoining Municipalities, and Raigarh District), the new CNG price now stands at Rs 84 per kg.
“Starting midnight tonight, the price of CNG will increase by Rs 2 per kg, bringing the revised rate to Rs 84 per kg in and around the city,” said an MGL official on Wednesday (May 14) evening.
The fresh revision also comes shortly after hikes in petrol and diesel prices, increasing pressure on household budgets and public transport operators.
According to reports, Mahanagar Gas Limited is currently facing increased procurement costs amid geopolitical tensions in West Asia, while Delhi’s supplier Indraprastha Gas Limited benefits from relatively stable and lower-cost gas allocations.
In Mumbai, autorickshaw unions have already demanded a fare revision following the hike. Unions are seeking a Rs 1 increase in the current base fare of Rs 26.
Transport operators say the rising fuel burden is becoming difficult to absorb without increasing fares. If approved, commuters may soon have to pay more for short-distance travel as well.
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