Oil marketing companies in India increased retail prices for petrol, diesel, and compressed natural gas (CNG) on Friday [1].
The simultaneous hike across three primary fuel types increases transportation costs for commuters and commercial logistics providers. This adjustment follows a period of volatility in energy markets driven by geopolitical instability.
According to reports, the price of CNG rose by Rs 2 per kg [2]. In Delhi, the price of CNG reached Rs 79 per kg following the update [2]. This increase comes alongside revisions to petrol and diesel rates across the country [1].
Oil marketing companies said the price hikes were necessary to offset mounting losses [1]. These losses resulted from soaring global crude oil prices and the ongoing conflict in West Asia, which has disrupted global energy supplies [1, 2].
The current price movements follow earlier forecasts from April that suggested diesel prices could potentially increase by almost Rs 6 per litre [3].
Fuel price volatility in India often reflects the intersection of global crude benchmarks and domestic fiscal pressures. The decision by oil marketing companies to pass these costs to consumers aims to stabilize corporate balance sheets amid unpredictable procurement costs, a common response to supply chain shocks in the energy sector.
“CNG price rose by Rs 2 per kg”
The coordinated increase in petrol, diesel, and CNG prices indicates that Indian energy providers can no longer absorb the cost of global crude volatility. Because CNG is a primary alternative for public transport and commercial fleets in cities like Delhi, this hike likely contributes to broader inflationary pressure on goods and services across the region.
