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CNG Price Increases By IGL, ₹2.5 Per KG

IGL Increases CNG Price

The Natural Gas Distribution Company Indraprastha Gas Limited (IGL) has increased CNG prices by ₹2.5 per Kg on Monday, reported by ANI. The new prices are in effect from April 4, and the company reveals that this hike in CNG price is because of a surge in the prices of natural gas globally. The official statement of the company said that the new prices will cover the hike of gas prices in the International Market.

IGL Increases CNG Price

With the surge in CNG prices now the cab drivers are hesitant to use their car’s air conditioning system. A cab driver admitted to ANI, “In the wake of the hike in the CNG price, we shall not switch on the cab’s air conditioner for passengers. The increased price has hit our pockets.”

CNG Prices

Earlier also the CNG prices were hiked by 80 paise per KG on April 1. For IGL the domestic fields and imported LNG are sources of natural gas. And LNG prices have recently touched the highest mark. This results in the increase of gas prices produced from local fields on Thursday. Thus with these recent developments IGL was forced to hike the prices. The inflated market rates are responsible for the hike of total ₹11 per kg for this year.

Also read:

Petrol And Diesel Prices Rise Again Today, Increased ₹8.40 In 14 Days

Price Inflation

Before CNG the fuel rates were also increased by the Oil Marketing Companies because of the hike in Brent Crude Oil prices globally. In two weeks ₹8.40 are added in petrol and diesel prices.

The stability in the fuel rates were disrupted on March 22 after a long time of four months. And not so long after fuel prices the LGP rates were also hiked and the 14.2 Kg LPG cylinder was costing ₹949.50 in Delhi.

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Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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