India's Energy Crisis: A Perfect Storm of Price Hikes and Unchecked Dependence The recent price hike of Compressed Natural Gas (CNG) marks the third increase in less than 10 days, as global energy markets reel from escalating tensions in West Asia and continued disruptions around the Strait of Hormuz.
This latest revision sees CNG prices soar by Re 1 per kg, with Delhi now paying Rs 81. 09 per kg, a figure that has breached the Rs 80 mark for the first time.
The consecutive hikes in CNG, petrol, and diesel prices are a stark reminder of India's vulnerability to international market fluctuations.