Commodities
Delhi CNG Prices Hike By Rs 3.89 Amid Soaring LNG Costs
CNG prices in Delhi and its neighboring cities are set to increase by Rs. 3.89 per kg, effective from Saturday morning, according to Indraprastha Gas Ltd (IGL).
The company attributes the price hike to a sharp rise in the cost of imported liquefied natural gas (LNG), which accounts for a significant portion of the gas used to supply CNG.
The surge in LNG prices began with the onset of the West Asia conflict, leading to increased input costs for IGL. To partially offset this increase, the company has introduced a calibrated revision of Rs. 3.89 per kg.