Sat. Oct 1st, 2022

Indraprastha Gas Ltd (IGL) has raised the price of compressed natural gas (CNG) in Delhi, Noida, and Gurugram by Rs 2 per kilogramme, beginning Sunday. CNG will now cost Rs 73.61 per kg in Delhi, Rs 76.17 in Noida, and Rs 81.94 in Gurugram after the price increase.

CNG prices have also been raised in other cities. IGL has raised gas rates to Rs 80.84 per kilogramme in Muzaffarnagar, Meerut, and Shamli. After the new rise, CNG will be available for Rs 85.40 per kg in Rewari, 82.27 per kg in Karnal and Kaithal, and 82.27 per kg in Kanpur, Hamirpur, and Fatehpur.

Compressed natural gas will now be accessible at Rs 83.88 per kilogramme in Ajmer, Pali, and Rajsamand. Since October of last year, when local and international gas prices began to rise, city gas distribution corporations have been boosting rates on a regular basis.

Meanwhile, on Sunday, the country’s gasoline and diesel prices remained unchanged for the 38th day. On May 15, a litre of petrol costs Rs 105.41 in Delhi, while diesel costs Rs 96.67. Petrol and diesel cost Rs 120.51 per litre and Rs 104.77 per litre, respectively, in Mumbai.

People in Kolkata are paying Rs 115.12 for a litre of gasoline and Rs 99.83 for a litre of diesel. Another metro city, Chennai, is keeping its prices stable, with petrol costing Rs 110.85 per litre and diesel costing Rs 100.94 per litre.

In addition, the price of a 19-kg commercial LPG (liquefied petroleum gas) cylinder was recently increased by Rs 102.5 to Rs 2,355.50, up from Rs 2,253 before. A five-kilogram LPG cylinder currently costs Rs 655.

Apart from that, jet fuel prices were recently increased by 3.22 percent to an all-time high of Rs 1,16,851.46 per kilolitre, marking the ninth consecutive increase this year. Every month on the 1st and 16th, jet fuel prices are adjusted based on crude oil prices on the worldwide market.

Since the Russia-Ukraine conflict, international crude oil prices have risen dramatically. Oil prices surged 4% on Friday as US gasoline prices hit a new high, China appeared to be easing its curbs, and investors concerned that supply would be tightened if the European Union banned Russian oil.

Brent crude futures increased USD 4.10, or 3.8 percent, to USD 111.55 per barrel. The price of US West Texas Intermediate (WTI) oil increased by USD 4.36, or 4.1 percent, to USD 110.49.

Oil prices have been erratic, buoyed by suspicions that a European Union embargo on Russian oil will constrain supplies, but pushed by concerns that a resurgent COVID-19 epidemic could reduce world consumption.

By adele rose

Adele Rose is the senior editor and employee of WGBS Pvt Ltd Digital wing.

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