Indraprastha Gas Limited increased CNG prices by Re 1 per kilogram [1] in the Delhi-NCR region on May 17, 2024 [2].
This rapid adjustment affects thousands of commercial drivers and private vehicle owners who rely on compressed natural gas as a cheaper alternative to liquid fuels. The increase follows a pattern of volatility in the energy market that threatens to raise transportation costs across the capital region.
The latest hike is the second increase in 48 hours [1]. On May 15, 2024, residents of Delhi-NCR were hit with a previous increase of Rs 2 per kilogram [3]. Combined, these two adjustments have raised the cost of fuel for commuters and auto-rickshaw operators within a short window.
Following the most recent Re 1 hike, the price of CNG has crossed the Rs 80 mark, reaching Rs 80.09 per kilogram [1].
Market analysts said these price surges are due to several converging factors. Rising fuel costs have been driven by recent petrol and diesel price hikes [4]. Additionally, geopolitical tensions in West Asia and broader global oil-supply disruptions have placed upward pressure on energy costs [4].
These disruptions contribute to wider inflation concerns within the region. Because CNG is a primary fuel for public transport and logistics in the National Capital Region, frequent price volatility often leads to a ripple effect on the cost of goods, and services.
“CNG prices in Delhi-NCR were raised by Re 1 per kilogram on May 17, 2024.”
The frequency of these price adjustments—three rupees in two days—indicates a high level of sensitivity to global energy shocks. As Indraprastha Gas Limited passes these costs to consumers, the economic burden falls heavily on the transport sector, which may lead to increased fares for public transit and higher delivery costs for essential goods in Delhi-NCR.
