Fuel Price Alert! CNG becomes costlier than petrol in this city: Check latest fuel price
On October 1, the price of CNG was increased by Rs 3.50 per kg to Rs 94.50 per kg.
CNG has become more expensive than petrol in Kanpur. On Wednesday, the price of CNG was increased by Rs 2 to Rs 96.50 per kg, while that of petrol is Rs 96.28 and diesel price stands at Rs 89.47 per liter.
As a result, CNG has become 22 paise more expensive than petrol. In October, the price of CNG increased for the second time.
On October 1, the price of CNG was increased by Rs 3.50 per kg to Rs 94.50 per kg.
A lot of CNG vehicle owners shift to the fuel for its low cost of running, but the recent CNG price rise has affected this.
Kanpur: Current fuel price
CNG - Rs. 96.5
Diesel - Rs. 89.47
Petrol - Rs. 96.28
CNG price increase
The rise in the price of domestic gas can be the reason behind the increase in the price of CNG. Central UP Gas Limited (CUGL) has also increased the prices of CNG. Before October 1, CNG was Rs 91 per kg and PNG was Rs 54 in standard cubic meter (SCM).
The Commodity and currency expert Anuj Gupta said as Kanpur is an industrial city, people use CNG for their business purposes. As crude prices are increasing people are shifting to CNG vehicles which leads to rise in demand and price.
Petrol and Diesel Price Rise
Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily with international benchmark prices and foreign exchange rates.
Changes in petrol and diesel prices are implemented from 6 am. The retail petrol and diesel prices are different from state to state because of local taxes like VAT or freight charges.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
05:57 PM IST