CNG price hike: In a major hike, the rate of Compressed Natural Gas (CNG) has been increased by Rs 2.20 in Pune. The latest hike takes the price to Rs 77.20 in the city on Friday, informed Ali Daruwala, Spokesperson, All India Petrol Dealers Association.
However, there is no change in the other fuel prices. Petrol continues to cost Rs 119.96 and diesel Rs 102.67, according to an official statement issued by the association. In Pune, the new hike in CNG will be effective from Friday.
Notably, this is the third hike in the past one and half months in Pune. Earlier, the CNG price was hiked by Rs 2 per kg. At that time, the rate of CNG had gone up from Rs 73 to Rs 75. Before this, it was increased by Rs 5 per kg from Rs 68 to Rs 73 per kg.
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The hike in CNG prices, according to Ali Daruwala, national spokesperson of the All India Petrol Dealers Association, is due to increased demand and insufficient gas production. In the last year, the demand for India has tripled.
Daruwala claimed that India has been buying gas for 20 dollars per cylinder from Qatar, Muscat, and other Arab countries for several years. However, European countries have begun to purchase gas from Arab countries at a price of $40 per cylinder, which is double the current price. "The demand at 40 dollars has added to the Indian exchequer's burden," he remarked.
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-PTC News