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Amidst the ongoing serious tension and international crisis in the Middle East, the general public in India has faced another big shock of inflation. The country's leading gas distribution company Indraprastha Gas Limited (IGL) has increased the rates of CNG by Rs 3.89 per kg. These new increased rates have become effective from Saturday morning. After this latest increase, now customers in the country's capital Delhi will have to spend Rs 86.98 for one kilogram of CNG. Let us tell you that due to war and instability at the global level, India is currently having to import LNG at very expensive rates, the direct impact of which is now visible on the pockets of common consumers and the fuel of vehicles.

This is the fifth time so far in the current year that CNG prices have increased. This is the first time after the month of May that IGL has increased the prices of CNG in Delhi-NCR areas. It is noteworthy that earlier in the month of May, within just 10 days, Indraprastha Gas Limited had increased the rates of CNG by a huge amount of Rs 6 per kg.

Why did CNG prices become expensive?

Indraprastha Gas Limited has clarified the reason for this price increase in its official statement. The company says that the prices of LNG in the international market have increased rapidly, due to which the cost to purchase and supply of gas has increased significantly. According to the company, to balance this increased financial burden, it had become imperative to increase the prices of CNG by Rs 3.89 per kg.

New rates of CNG in Delhi, Noida, Gurugram and other cities

After this latest increase, CNG rates have varied in Delhi-NCR and surrounding major cities:

• Noida: Rs 95.59 per kilogram
• Meerut: Rs 95.47 per kilogram
• Gurugram: Rs 92.01 per kilogram
• Muzaffarnagar: Rs 95.47 per kilogram
• Shamli: Rs 95.47 per kilogram
• Rewari: Rs 91.59 per kilogram

Let us tell you that Value Added Tax (VAT) rates differ in different states, this is the main reason why there is a difference in the final rate of CNG in every city and state.

direct effect of international tension

At present, energy and oil prices remain at high levels across the world due to the obstructions created in the Strait of Hormuz and trade being affected. India has also not remained untouched by this global crisis. Experts believe that until the international conditions become normal, there is very little hope for the general public to get relief. Since India is largely dependent on other countries for its LNG needs, any increase in international prices has an immediate impact on the domestic market and the wallets of the common people.