The prices of petrol and diesel fuels are already skyrocketing, but now we might even see a jump in prices of CNG fuel. This could be really difficult for the customers to handle. They were already hurting by the astronomical prices of petrol which had crossed the Rs 100 per litre mark in most cities across the country. Many people were finding respite in opting for CNG cars. As a matter of fact, many people had installed aftermarket CNG kit in their cars to do away with the petrol fuel. However, it could become a cause of worry if the CNG prices are also hiked. Let us take a look at the details of this news here.
Also read: 4 Upcoming Tata CNG Cars – Tiago, Tigor, Altroz & Nexon
Petrol Fuel vs CNG Prices
According to the Oil Ministery, the gas produced from the fields of state-owned Oil and Natural Gas Corporation has seen a rise. Simultaneously, the gas produced from other fields like deepsea has also seen around a 100% increase in prices. This will invariably affect the CNG and cooking gas prices, especially in the bigger cities. This means that the CNG prices could go up by around 10%. There might be a rise in the prices of electricity generation and fertilizers. Big cities have a well-established CNG power station network for vehicles and most of the taxi and fleet operators have CNG-powered vehicles. They might feel the brunt of the price hike in CNG prices the most. But many private owners have also retrofitted CNG powertrains in their cars. They will also be affected.
Also read: Watch Tata Tiago CNG Ownership Review After 1,30,000 km!
This might boost the Government’s initiatives of quick adoption of EVs (Electric Vehicles) in India. It is already offering a ton of subsidies to promote EVs in the country. People might not be left with too many options if the prices of the CNG also start going up. There are EVs coming up left right and centre and this might well be the push the EV was looking for. Tata has already announced that it will increase its range of EV products even further which is a positive sign since it has over 60% market share of EVs in India. If the prices of CNG and petrol and diesel fuels keep rising, the EV industry might stand to benefit from it.
Also read: Tata Nexon EV Only Electric Car to Have Achieved 33/Day Sales Target
