New Delhi: The worldwide man's pocket has been hit again. On Tuesday, the price of CNG was once then increased by Rs 2 per kg. This increase came into effect from 6 am. Now CNG is misogynist in Delhi at Rs 83.09 per kg. This is the fourth time in the last 11 days that CNG has wilt 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 wilt 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 transplanted oil has wilt 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 transplanted 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 moreover rhadamanthine 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 stuff sold at Rs 99.51 and diesel at Rs 92.49 per liter.
Government companies IOC, BPCL, HPCL are saying that oil coming from upalong is rhadamanthine expensive, hence they have to increase the prices. Taxes are variegated in every state, so the rate moreover goes up and down.
What effect will this have on the worldwide people?
It will have a uncontrived 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 wilt 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 mismatch escalates and the Strait of Hormuz is closed, oil may navigate 100 dollars. Then petrol will navigate 105 and CNG will navigate 90. For now, just pray that there will be peace in the Middle East, otherwise inflation will hit further.
