|HT|
The price of CNG in the national capital has been hiked by ₹2 per kg by gas distribution Indraprastha Gas Limited on Saturday. Prices have also increased in Delhi-NCR’s Noida, Ghaziabad and Gurugram cities. This is the 13th increase in price since March 7 and second hike this month. A ₹2-hike in CNG prices was reported on May 15 as well. CNG in the national capital territory of Delhi now costs ₹75.61 per Kg, up from ₹73.61 per Kg on May 15. For Noida, Greater Noida and Ghaziabad, the CNG price has been hiked to ₹78.17 per Kg, while in Gurugram, it will cost ₹83.94 per Kg.
CNG Retail Prices - w.e.f. 06:00 am on 21st May 2022 (Source: IGL)
Delhi ₹75.61/- per Kg
Noida, Greater Noida,Ghaziabad (UP) ₹78.17/- per Kg
Gurugram (Haryana) ₹83.94/- per Kg
Muzaffarnagar, Meerut, Shamli (UP) ₹82.84/- per Kg
Rewari (Haryana) ₹86.07/- per Kg
According to data compiled, compressed natural gas (CNG) became costlier by ₹7.50 in the month of April alone. City gas distributers have been periodically raising prices since October last year, when domestic as well as international gas prices started to climb as economies the world over recovered from the pandemic-induced slowdown. Prices rose by ₹8.74 per kg in the last three months of 2021, and from January there was a steady increase of about 50 paise a kg almost every week.
The price-hike in CNG is seen at a time when the Consumer Price Index-based retail inflation grew at 7.8 per cent in April, the highest in 8 years. The surge in the prices can also be linked to the increased geopolitical tensions due to the Ukraine War.
(Except for the headline and the pictorial description, this story has not been edited by THE DEN staff and is published from a syndicated feed.)