CNG prices increased by 75% in 14 months, know the reason behind this

CNG Price Hike: If you drive CNG vehicles then the burden on your pocket is going to increase. From today, the price of CNG has increased in Delhi. Now the price of CNG in Delhi is 79.56 per kg. These new rates came into effect from 6 am on December 17, 2022 i.e. Saturday.

The price of CNG has increased by 95 paise per kg (CNG Price Hike) in Delhi from today. Earlier, CNG was being sold at Rs 78.61 per kg in Delhi, which has now increased to Rs 79.56 per kg.

Last change was in October

Earlier, the change in the price of CNG took place on October 8, 2022. In October, the price of CNG in Delhi was increased by Rs 3 per kg. Then the price of CNG in Delhi had reached Rs 78.61 per kg. At the same time, CNG price in Gurugram reached Rs 86.94 per kg and CNG price in Noida, Ghaziabad reached Rs 81.17 per kg.

CNG more expensive than 70%

Rating agency Incra has recently released a report in which it has been told that in the last one year, an increase of about 70 percent has been recorded in the prices of CNG. The biggest reason behind this is that a record increase has been recorded in the prices of natural gas this year. In such a situation, in the financial year 2022-23, the use of CNG in commercial vehicles has been reduced to 9 to 10 percent, whereas earlier this ratio used to be 16 percent. Due to less difference in the prices of diesel and CNG, now people are preferring to take diesel vehicles instead of CNG vehicles.

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CNG has become so expensive in the last 14 months

In the year 2021, on October 1, CNG was being sold at Rs 45.5 per kg in the capital Delhi. Today, on December 17, 2022, CNG is being sold at Rs.79.56 per kg. In such a situation, an increase of Rs 34.06 per kg has been recorded in the price of CNG for 14 months. In such a situation, CNG has become costlier by more than 73 percent in the last 14 months. Because of this the budget of commercial vehicle owners has deteriorated.

Kirit Parikh committee gave these suggestions for cheap CNG

The Kirit Parekh Committee formed on gas prices has recommended the central government to reduce the excise duty on CNG. In its recommendations, the committee has told the government that until a decision is taken to bring natural gas under the ambit of GST, the government should charge less excise duty on CNG. With this, people will get relief from expensive CNG.

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