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Latest Business News, Business News India Today | The HinduBusinessLine

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CNG price hiked by ₹1 per kg in Delhi-NCR, second rise in...
2026-05-17 · via Latest Business News, Business News India Today | The HinduBusinessLine

Compressed Natural Gas (CNG) prices were raised by ₹1 per kg across Delhi-NCR with effect from Sunday, marking the second hike in two days.

Following the revision, CNG will now cost ₹80.09 per kg in Delhi. In Noida and Ghaziabad, the price has gone up to ₹88.70 per kg.

This comes after rates were increased by ₹2 per kg on May 15. With the latest hike, CNG prices have risen by a total of ₹3 per kg in 48 hours.

Earlier on Friday, the Centre increased petrol and diesel prices by ₹3 per litre across the country. Following the revision, petrol prices in New Delhi rose from ₹94.77 to ₹97.77 per litre, while diesel prices increased from ₹87.67 to ₹90.67 per litre.

The fuel price hike comes amid escalating global crude oil prices triggered by the ongoing conflict in West Asia. The geopolitical tensions, particularly the US-Israel and Iran conflict that began on February 28 this year, have disrupted global crude oil supplies and pushed Brent crude prices above $100 per barrel.

Union Minister Kiren Rijiju on Friday defended the hike in fuel prices, comparing the 3.2 per cent and 3.4 per cent price increase in petrol in India to other countries. He claimed that they witnessed hikes ranging from 20 per cent to nearly 100 per cent due to the West Asia conflict.

Praising Prime Minister Narendra Modi’s leadership for balancing economic stability with public welfare, he credited the government for governing with responsibility and putting people first while making decisions.

“As the world battled rising fuel costs after the West Asia conflict, India stood apart. While several countries witnessed petrol and diesel hikes ranging from 20 per cent to nearly 100 per cent, India limited the increase to just +3.2 per cent for petrol and +3.4 per cent for diesel,” Rijiju said in a post on X.

“Even as Brent crude crossed $100/barrel and global markets turned volatile, India’s public sector oil companies absorbed huge losses for weeks to protect citizens from inflation and economic pressure. This is governance with responsibility. This is leadership that puts people first. Under PM Narendra Modi, India continues to balance economic stability with public welfare,” he added.

Rijiju also attached a list of countries that hiked their fuel prices due to the West Asia conflict. According to the list, Malaysia saw a growth of 89.7 per cent in petrol prices and 112.7 per cent in diesel prices. The US reported a hike of 44 per cent in petrol prices and 48.1 per cent in diesel prices. China saw a hike of 21.7 per cent in petrol and 23.7 per cent in diesel prices.

Published on May 17, 2026