The Central Government reduced the prices of petrol and diesel by making a big cut in the excise duty and gave great relief to the public. Now it is expected that the government may soon reduce the prices of CNG. Actually, the government of Siam, an organization of vehicle companies, has demanded this. Experts say that the government can consider this demand.
Siam made this request to the government
SIAM on Sunday urged the government to cut CNG prices and reduce import duties on certain raw materials of steel and plastic products. Tagging Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman on Twitter, the organization wrote that the auto industry welcomes the decision to reduce excise duty on petrol and diesel. This decision will ease the inflationary pressures and bring relief to the common people of the country. The report released in this regard has expressed hope that the government can consider this demand and in the coming days, the price of CNG may also be cut.
Price hiked 13 times within two months
It is worth noting that while on the one hand the prices of petrol and diesel remained stable in the country and now their prices have been reduced. On the other hand, the process of increasing the prices of CNG is not taking its name to stop. CNG prices have been increased 13 times in the last two months. After this, the price of CNG in Delhi has increased to Rs 75.61. Let us inform here that the price of CNG has increased by Rs 19.60 per kg since March 7.
CNG costlier by Rs 32 in a year
First, the public was hit by the continuous increase in the prices of petrol and diesel, then CNG prices have given a big blow to both of them amidst stagnation for more than a month. If we look at the figures, in the last one year, the prices of CNG have increased tremendously. Its price has increased by 60 percent or Rs 32.21 per kg in a year. IGL's Managing Director Sanjay Kumar said that due to international prices of natural gas, prices are likely to remain elevated in the near future. Almost every week from January 2022, CNG has increased by about 50 paise per kg.
Demand is high and supply is low
Let us tell you that since April 1, the price of locally produced natural gas more than doubled to $ 6.1 per MBTU by the government. The reason behind the rise in the price of CNG is the demand and supply crisis. At this time the supply of gas all over the world is disturbed. The demand for gas is high and the supply is low. This more than doubled the cost of producing natural gas from oil regulated fields. SIAM has urged the government to rein in this growth.
Nikita's statement, which was recorded in court in the case of AI engineer Atul Subhash, revealed
The final match of ODI World Cup 2023 is to be held between India and Australia. Both teams are f
Today is the 32nd birthday of Indian cricketer and Lucknow Super Giants captain KL Rahul. Actor S
The 'post narco test interview' of the Shraddha murder case accused Aftab Amin Poonawalla is over
Chinese President Xi Jinping met with Bill Gates, co-founder of Microsoft and co-chair of the Bil
Moon's atmosphere too? Chandrayaan-2's orbiter gave big 'good news
After the failure of ISRO's Small Satellite Launch Vehicle, now good news has come about Chandray
The Indian team created history by defeating South Africa in Cape Town. With this victory, he dre
India has given a befitting reply to Bangladesh for commenting on the violence in West Bengal. Th
IPL and PSL will clash in 2025, who will suffer?
All the world's legendary cricketers play in both the Indian Premier League (IPL) and the Pakista
SIIMA 2024: After winning the award, Aishwarya said- It means a lot, my guru directed the film
Aishwarya Rai won the Best Actress (Critics) award in the lead role at the South Indian Internati
