Published 12 hours ago • loading... • Updated 1 hour ago
CNG Price Hiked by Rs 3.89/kg in Delhi-NCR Amid West Asia Crisis
IGL said elevated imported LNG costs made the hike necessary after spot prices surged during the West Asia conflict.
Indraprastha Gas Ltd will increase Compressed Natural Gas prices in Delhi by Rs 3.89 per kg on Saturday, with the new rate reaching Rs 86.98 per kg effective at 6 a.m.
Rising international LNG prices driven by the West Asia conflict forced the adjustment, as a significant portion of IGL's input gas comes from imported LNG experiencing surging spot market rates.
"With international LNG prices remaining elevated and the cost impact becoming increasingly significant, a calibrated revision of Rs 3.89 per kg has now become necessary," IGL said in justifying the hike.
This latest adjustment arrives approximately three months after the previous revision on May 26, when CNG prices increased by Rs 2 per kg.
The price increase applies across all geographical areas served by IGL, affecting consumers reliant on CNG as revised rates take effect Saturday morning.