CNG becomes expensive again in Mumbai, second increase in 15 days; Now the price is Rs 86 per kg

CNG (Compressed Natural Gas) consumers have once again been hit by inflation in the Mumbai Metropolitan Region (MMR). Government gas distributor Mahanagar Gas Limited (MGL) has announced an increase in CNG prices by Rs 2 per kg. The new rates have come into effect with immediate effect.

After the latest revision, the retail price of CNG in Mumbai, Thane, Navi Mumbai and surrounding areas has increased to Rs 86 per kg. Earlier on May 14 also, the company had increased the prices of CNG by Rs 2 per kg. In this way, in less than a month, CNG prices have increased by a total of Rs 4 per kg.

This price increase is likely to have a direct impact on millions of daily commuters, taxi drivers, auto drivers and operators of CNG based commercial vehicles. However, MGL has not yet made public any official reason behind this latest price hike.

Let us tell you that even in the country’s capital Delhi, a continuous increase in the prices of CNG has been recorded recently. On May 26, the price of CNG in Delhi was increased by Rs 2 per kg to Rs 83.09 per kg. With this, this was the fourth increase in Delhi within 11 days and the third increase in only nine days. Since May 15, CNG prices in the national capital have increased by a total of Rs 7 per kg.

The price increase in Delhi started on May 15 with an increase of Rs 2 per kg. This was followed by an increase of Rs 1 each per kg on two separate occasions in the next week. However, despite the continuous increase in the prices of CNG, there has been no change in the prices of domestic piped natural gas (PNG) and domestic LPG cylinders.

According to experts, this increase in fuel prices is linked to the increasing pressure on global crude oil prices. The industry believes that due to increasing tension between America and Iran, the possibility of supply disruption in the Strait of Hormuz has increased. This route is considered extremely important for global oil supply, so the impact of geopolitical tensions is visible on international energy markets.

Analysts say that the continuously rising prices of CNG will increase the operating costs of the transportation and logistics sector. This may also impact the prices of essential commodities and food items in the future, as the cost of freight transportation is likely to increase.

Government officials say that price adjustment is necessary to compensate for rising import costs and to maintain smooth fuel supply amid uncertain global conditions. India imports about 85 percent of its crude oil needs, due to which domestic fuel prices are directly affected by fluctuations in the international market.

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