New Delhi: The common man’s pocket has been hit again. On Tuesday, the price of CNG was once again increased by Rs 2 per kg. This increase came into effect from 6 am. Now CNG is available in Delhi at Rs 83.09 per kg. This is the fourth time in the last 11 days that CNG has become expensive. This is the third shock in 9 days. Earlier, there was an increase of Re 1 on Sunday and Re 1 on Friday also. There was a big jump of Rs 2 on May 15. Overall, CNG has become costlier by Rs 7 per kg since May 15.
What is the condition of PNG and domestic gas?
Right now, it is a matter of relief that the prices of PNG gas for homes and LPG cylinders for kitchens have not increased. At present the government have kept their rates as they are. But the tension of CNG auto, taxi and bus drivers has increased.
Why are the prices increasing?
Oil companies are saying that crude oil has become expensive all over the world. There is tension between America and Iran. Everyone fears that the route to the Gulf of Hormuz may be closed. Half of the world’s oil comes from here. Due to this fear, Brent crude has reached 86 dollars per barrel. When the war in the Middle East started in February, it was 72 dollars.
What is the condition of petrol and diesel?
Along with CNG, petrol and diesel are also becoming expensive. On Saturday itself, petrol had increased by 87 paise and diesel by 91 paise per liter. This is the third increase in this month. In Delhi, petrol is now being sold at Rs 99.51 and diesel at Rs 92.49 per liter.
Government companies IOC, BPCL, HPCL are saying that oil coming from abroad is becoming expensive, hence they have to increase the prices. Taxes are different in every state, so the rate also goes up and down.
What effect will this have on the common people?
It will have a direct impact on your pocket. Auto-taxi drivers will increase fares. Bus tickets will be expensive. If truck drivers increase the fare, vegetables, fruits and milk will all become expensive. The price of goods that come by truck is sure to increase. The government is saying that it is a compulsion. India imports 85% of its oil from outside. If prices increase outside, they will have to increase here also. Otherwise oil companies will suffer losses and supply may stop.
What will happen next?
If the Iran-America conflict escalates and the Strait of Hormuz is closed, oil may cross 100 dollars. Then petrol will cross 105 and CNG will cross 90. For now, just pray that there will be peace in the Middle East, otherwise inflation will hit further.
