CNG prices up again in Delhi, rates jump Rs 6 per kg in less than two weeks Compressed natural gas (CNG) prices in Delhi saw another increase, rising by Rs 2 per kg on Tuesday, marking the fourth hike since May 15. This brings the cumulative rise to Rs 6 per kg, as elevated global energy prices continue to exert pressure on domestic fuel costs. Indraprastha Gas Ltd (IGL) reported that CNG in the national capital now costs Rs 83.09 per kg. Earlier adjustments included hikes of Rs 2 per kg on May 15 and Re 1 per kg on May 17 and May 23. The latest increase follows a pattern of upward revisions in petrol and diesel prices, driven by soaring international crude oil rates, weaker refining margins, and a depreciating rupee. The surge in fuel prices has raised concerns about inflation, with the fourth hike in less than two weeks directly impacting households. In Delhi, petrol now costs Rs 99.51 per litre, while diesel is priced at Rs 92.49 per litre. These rates have also climbed in neighboring cities, though prices vary across states due to local taxation policies. The recent price adjustments follow a sharp rise in global crude oil prices since late February, triggered by US-Israeli strikes on Iran and disruptions to oil shipments through the Strait of Hormuz, a critical global oil transit route. State-owned oil marketing companies, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), which control about 90% of India’s fuel retail market, had kept prices unchanged for months despite rising input costs. Private retailers, however, had already raised rates earlier. Nayara Energy increased petrol and diesel prices in March, while Shell revised fuel prices from April 1.#delhi #indian_oil_corporation #bharat_petroleum_corporation_ltd #hindustan_petroleum_corporation_ltd #indraprastha_gas_ltd
West Asia conflict: Distribution companies incentivise switch from LPG to PNG The government has reported a 36% rise in domestic LPG production compared to pre-West Asia conflict levels, with further increases anticipated in the coming days. This growth follows recent measures such as directing refiners to maximize LPG output and redirecting propane, butane, and other petrochemical streams toward LPG production. To address hoarding and balance demand, the government has extended cylinder booking intervals for households to 25 days in urban areas and 45 days in rural regions. In response to the crisis, city gas distribution (CGD) companies have introduced incentives to encourage consumers to transition to piped natural gas (PNG). For instance, Indraprastha Gas Ltd (IGL) in Delhi and surrounding cities is offering domestic users free gas worth Rs 500 for switching to PNG before March 31. Mumbai-based Mahanagar Gas Ltd has waived Rs 500 registration fees for households and security deposits ranging from Rs 1 to 5 lakh for commercial users. Similar promotions have been rolled out by GAIL and BPCL, according to Sujata Sharma, Joint Secretary at the Ministry of Petroleum and Natural Gas. Officials emphasized that while the current situation remains concerning, LPG supplies are being prioritized to meet domestic needs. The government’s efforts to stabilize the market include both production boosts and demand management strategies, alongside private sector initiatives to alleviate pressure on LPG resources.#bpcl #west_asia_conflict #gail #mahanagar_gas_ltd #indraprastha_gas_ltd
