+
CNG Prices May Rise Rs.4-6
OIL & GAS

CNG Prices May Rise Rs.4-6

Compressed Natural Gas (CNG) prices may see a rise of Rs.4-6 per kg due to a reduction in input supply and ongoing challenges in the fuel supply chain. This price hike is expected to affect consumers and industries that rely on CNG as a key energy source, including transportation and commercial sectors. The reduced supply of natural gas is putting pressure on costs, leading to an increase in retail CNG prices, which could exacerbate inflationary trends and elevate transportation costs across regions.

Despite the potential price rise, the Indian government is considering measures to ease the situation. A key step under consideration is a reduction in excise duty on CNG to mitigate the financial burden on consumers and help stabilize the market. This move could soften the impact of rising fuel costs and offer some relief in the face of mounting inflationary pressures.

The surge in CNG prices is attributed to disruptions in the natural gas supply chain, which has been impacted by both international and domestic factors. As natural gas is a critical input for CNG production, any changes in its availability directly influence pricing. The situation highlights the vulnerability of the energy sector to supply constraints, especially as India seeks to balance its growing energy demand with fluctuating global prices.

CNG is a cleaner alternative to petrol and diesel, making it a crucial part of India's efforts to promote sustainable transportation. However, continued price hikes may lead to a slowdown in the adoption of CNG vehicles. The government’s response to the situation, particularly its approach to excise duty adjustments, will be critical in determining the extent of the price increase and its impact on the broader economy.

Compressed Natural Gas (CNG) prices may see a rise of Rs.4-6 per kg due to a reduction in input supply and ongoing challenges in the fuel supply chain. This price hike is expected to affect consumers and industries that rely on CNG as a key energy source, including transportation and commercial sectors. The reduced supply of natural gas is putting pressure on costs, leading to an increase in retail CNG prices, which could exacerbate inflationary trends and elevate transportation costs across regions. Despite the potential price rise, the Indian government is considering measures to ease the situation. A key step under consideration is a reduction in excise duty on CNG to mitigate the financial burden on consumers and help stabilize the market. This move could soften the impact of rising fuel costs and offer some relief in the face of mounting inflationary pressures. The surge in CNG prices is attributed to disruptions in the natural gas supply chain, which has been impacted by both international and domestic factors. As natural gas is a critical input for CNG production, any changes in its availability directly influence pricing. The situation highlights the vulnerability of the energy sector to supply constraints, especially as India seeks to balance its growing energy demand with fluctuating global prices. CNG is a cleaner alternative to petrol and diesel, making it a crucial part of India's efforts to promote sustainable transportation. However, continued price hikes may lead to a slowdown in the adoption of CNG vehicles. The government’s response to the situation, particularly its approach to excise duty adjustments, will be critical in determining the extent of the price increase and its impact on the broader economy.

Next Story
Equipment

BKT Unveils FY25 Sustainability Report, ‘New Roads. Greener Future’

Balkrishna Industries (BKT) has released its sustainability report for FY 2024–25 titled New Roads. Greener Future, outlining progress across environmental stewardship, circular manufacturing and workforce development, as the company strengthens its long-term ESG framework.During FY25, BKT reported increased use of renewable and recycled inputs, deploying over 106,000 metric tonnes of renewable materials in primary products. Circularity remained central, supported by vertically integrated carbon black manufacturing and higher adoption of recycled raw materials, resulting in 98.17 per cent of..

Next Story
Real Estate

Sources Unlimited Introduces CoeLux High Tech 25 Mini

Sources Unlimited has introduced CoeLux High Tech 25 Mini, an advanced lighting system designed to recreate the visual and emotional experience of natural sunlight and open skies within interior spaces.Designed to resemble a skylight seamlessly integrated into architecture, the compact system emits a soft, diffused vertical beam that mirrors the depth, colour and clarity of real daylight. The illumination creates the illusion of opened ceilings and enhanced spatial volume, while subtly washing surfaces below to highlight textures, furniture and interior detailing. Scaled for small to medium-si..

Next Story
Infrastructure Urban

Taural India Commissions Second Aluminium Casting Plant in Maharashtra

Taural India recently commissioned its second aluminium sand casting manufacturing facility in India at Supa, Maharashtra, marking a major expansion after its first plant in Pune. The 30-acre facility was inaugurated by the Honourable Chief Minister of Maharashtra, Shri Devendra Fadnavis, and represents a significant addition to the state’s advanced manufacturing ecosystem.Designed to meet global engineering and sustainability benchmarks, the Supa plant integrates automation, digital process controls and advanced quality systems. It will manufacture complex, high-tolerance aluminium componen..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App