Indraprastha Gas Limited (IGL) increased CNG prices by Rs 1 per kg [1] across Delhi-NCR on May 15, 2024 [3].
This rapid succession of price adjustments impacts thousands of commuters and commercial transport operators who rely on compressed natural gas as a cheaper alternative to petrol and diesel. The volatility in fuel costs creates immediate financial pressure for public transport and logistics services within the capital region.
The latest adjustment marks the second increase within a 48-hour window [1]. Prior to these changes, the CNG price stood at Rs 77.09 per kg [1]. The first of the two hikes raised the price by Rs 2 per kg [1].
Following the most recent increase, the price of CNG in Delhi has reached approximately Rs 80.09 per kg [2]. In other parts of the region, including Noida and Ghaziabad, the price after the hike is Rs 88.70 per kg [2]. While some reports indicated a larger increase of Rs 2 per kg [3], other sources specified the most recent hike was Rs 1 per kg [1].
IGL implemented these price changes amid rising fuel-price pressures [3]. These pressures include disruptions to global oil supplies and tensions in West Asia [3]. Such geopolitical instability often leads to price fluctuations in the natural gas market, which are then passed on to the end consumer.
The price hike affects a wide area of the National Capital Region, specifically targeting the urban hubs of Delhi, Noida, and Ghaziabad [2]. Residents and transport operators now face higher operational costs as the fuel crosses the Rs 80 threshold in the city center.
“CNG prices in Delhi have reached approximately Rs 80.09 per kg.”
The frequent price adjustments by IGL reflect the vulnerability of local fuel markets to geopolitical instability in West Asia. As CNG is positioned as a more sustainable and affordable alternative to liquid fuels, rapid price hikes may diminish its economic appeal for commercial drivers and could lead to increased fares for public transport services across the Delhi-NCR region.
