People living in the national capital are facing another wave of fuel price hikes as the cost of CNG, petrol, and diesel has increased sharply in Delhi. The latest revision, which came into effect on Sunday, has added further pressure on daily commuters, auto drivers, taxi operators, and private vehicle owners.
CNG Price Increased for Second Time in Two Days
Compressed Natural Gas (CNG) prices in Delhi have been increased by Rs 1 per kilogram, marking the second revision within the last two days.
Following the latest hike, the price of CNG in New Delhi has reached Rs 80.09 per kilogram. In nearby cities such as Noida and Ghaziabad, consumers will now have to pay Rs 88.70 per kilogram.
Earlier, on May 15, CNG prices had already been increased by Rs 2 per kilogram. The repeated hike is expected to significantly impact the operating costs of auto-rickshaws, taxis, and commercial transport vehicles.
Petrol and Diesel Prices Also See Major Increase
Along with CNG, petrol and diesel prices in the national capital have also witnessed a major increase.
Petrol prices in Delhi have risen by Rs 3 per litre, moving from Rs 94.77 to Rs 97.77 per litre. Similarly, diesel prices have gone up by Rs 3 per litre, increasing from Rs 87.67 to Rs 90.67 per litre.
The continuous rise in transport fuel prices is likely to increase travel expenses as well as the overall cost of living for common citizens.
Middle East Conflict Affecting Global Oil Supply
The recent fuel price hikes are being linked to disruptions in global crude oil supply caused by the ongoing conflict involving the United States, Israel, and Iran in West Asia.
The conflict, which reportedly intensified from February 28 this year, has affected international oil supply chains, leading to a sharp rise in crude oil prices worldwide.
As a result, Brent crude oil prices have crossed the 100 US dollar per barrel mark, putting additional pressure on fuel pricing in several countries, including India.