The general public is already struggling with the onslaught of inflation. In such a situation, now a new update is coming out regarding inflation. In fact, news agency PTI, citing sources, said that the government along with the country's main oil marketing companies are planning to increase the prices of CNG (CNG Price Hike). However, no official announcement has been made on this yet.
How expensive will CNG be?
The government has reduced the supply of natural gas to urban retailers by 20 percent. The effect of this cut can also be seen on oil prices. It is believed that due to this cut, CNG prices may increase by Rs 4 to 6 per kg. However, according to sources, the government has also reduced the excise duty on fuel price.
supply is decreasing
The government decides the price of CNG. The supply of CNG has been decreasing for some time now due to which the urban gas retailers are also getting less supply. It is being said that the supply of natural gas is declining by 5 percent annually. Due to decline in supply, CNG prices are falling.
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