Commodities
West Asia Conflict Sparks Price Volatility: LPG, CNG, PNG Rates Rise
The prices of LPG, CNG, and PNG have been affected by the ongoing conflict in West Asia, leading to concerns over volatile global crude oil prices.
Brent crude stood at $104.6 per barrel after falling over 3% in the previous session.
CNG prices were increased in Delhi and neighboring cities amid supply disruptions and fears of prolonged conflict.
The government has approved an incentive scheme for city gas distributors to increase domestic PNG connections from September 1, 2026, to cut subsidy expenditure.