Residents of Delhi are facing another blow of inflation as Indraprastha Gas Limited (IGL) has announced a fresh hike in the prices of Compressed Natural Gas (CNG). This decision comes as a significant update for commuters and vehicle owners in the national capital who rely on this fuel for their daily transportation. 89 per kilogram compared to its previous rates. This price revision is expected to have a direct impact on the monthly budgets of thousands of people living in and around the city.
New Rates and Effective Timing
The price hike isn't just a minor adjustment but a substantial increase driven by the persistent pressure of input gas costs. Indraprastha Gas Limited has specified that the new prices will come into effect from 6:00 AM on August 29.89 per kilogram will be applicable across all Geographical Areas (GA) where IGL operates. 98 per kilogram. The company has cited the continuous pressure of input gas costs as the primary reason behind this decision to pass on the burden to the consumers.
Historical Context of Price Hikes
This isn't the first time this year that CNG prices have seen an upward trend. Earlier, on May 26, Indraprastha Gas Limited (IGL) had increased the prices of CNG. During that period, the company raised the rates by 2 per kilogram. 09 per kilogram. The frequency of these hikes has been a point of concern for many, while in fact, during the month of May, the city witnessed four price increases within a short span of just 11 days. 09 per kilogram.
Impact on Delhi-NCR and Commuters
The impact of rising CNG prices isn't limited to the boundaries of Delhi alone. Major cities in the Delhi-NCR region, including Gurugram, Noida, Ghaziabad, and Faridabad, are also heavily dependent on CNG. A vast number of vehicles in these urban hubs run on this fuel. The categories of vehicles most affected include:
- Taxis and Cabs
- Auto Rickshaws
- Private Vehicles
- Commercial Transport Vehicles