CNG Prices Hike Amid Global Oil Market Shifts

CNG prices have increased in Delhi and other cities due to higher international LNG prices and input costs. According to Indraprastha Gas Limited, CNG retail prices went up by ₹3.89 per kg on August 28.

Meanwhile, the US has secured a major oil deal with Venezuela, gaining majority control of over 65 million barrels of proven crude oil in the country.

The agreement is expected to more than double American oil reserves and increase oil supply, which could lead to lower gas prices for Americans. However, concerns remain about LPG, CNG, and PNG prices due to ongoing supply uncertainty.