Inflation shock before Diwali! CNG price may increase by this much

People may again get a shock of inflation before Diwali, the festival of lights. The price of CNG supplied to vehicles may increase. This step can be taken after the government has cut the supply of cheap domestic natural gas to urban retailers by up to 20 percent. If sources are to be believed, if the excise duty on fuel is not cut, then the price of CNG supplied to vehicles may increase by four to six rupees per kilogram.

According to sources, the prices of production from old fields are controlled by the government, they are used to urban gas retailers. Due to the reduction of production from these fields by five percent annually, the supply to urban gas distribution companies has been reduced. According to reports, the gas supplied for the kitchen is conserved. There is a reduction in the supply of raw material for CNG by the government.

Due to this reason, steps may have to be taken

According to reports, city gas retailers are forced to buy imported and expensive liquefied natural gas (LNG) to compensate for this shortage. Due to this, the price of CNG may increase by 4-6 rupees per kilogram. Now only time will tell whether the price of CNG supplied to vehicles increases or not. If the prices increase, it will be no less than a big shock for the people.