CNG Prices Hiked Again in Delhi-NCR Amid Rising Global Crude Rates

CNG will be sold at Rs 80.09 per kg in Delhi, Rs 88.70 per kg in Noida, Greater Noida and Ghaziabad.The revision of Rs 1 per kg came just two days after the CNG price rose by Rs 2 per kg on May 15, bringing the overall CNG price up to Rs 3 per kg in 48 hours.

IGL Cites Higher Gas Input Costs

The fuel price increase has been initiated by major natural gas distributor Indraprastha Gas Limited (IGL) to marginally offset the rise in input gas cost along with steep appreciation of the US dollar.

“The retail selling price of CNG has been increased by Rs 1/kg wef 6 am on 17.05.2026 in all GAs of IGL. The revision in retail prices of CNG has been effected only to marginally offset the impact of increase in input gas cost along with steep appreciation of USD. Even after revision, CNG would still offer upto 45% savings towards the running cost when compared to vehicles running on alternate fuel at the current level of prices," the IGL said.

Petrol, Diesel Prices Jump by Rs 3/litre

The increase came just two days after the hike in petrol and diesel prices was announced by government-owned oil companies across the country on May 15. Petrol and diesel rates were increased by Rs 3 per litre on May 15, first in over four years, with state-run fuel retailers starting to pass on some of the losses arising out of volatile international crude oil prices amid the raging US-Iran war.

US-Iran Conflict Impacts Crude Oil Supply

Global crude oil rates have shot up over 50 per cent since US-Israeli attacks on Iran on February 28 and Tehran's retaliatory attacks disturbed energy supplies flowing through Strait of Hormuz. Despite sharp increases in the international crude oil prices retail fuel rates in India remained stagnant for weeks as the government tried to protect the consumers from immediate rise in energy costs. 

However, the opposition parties alleged that the centre delayed fuel price revision till the completion of state assembly elections in the few key states. The increase was effected on a day after completion of the Assembly elections in five states of India where BJP strengthened its position by clinching three states, including West Bengal.

Centre Urges People to Conserve Fuel

The government also announced various measures to conserve fuel. PM Narendra Modi had recently asked people to reduce travel, promote work-from-home and conserve fuel on account of the high energy prices impacting current account deficit and foreign exchange reserves of the country. Few states also announced directives for reducing travel and holding meetings in a physical form.