Will rising CNG prices drive demand towards EVs?
At Rs 63.50 a kg, CNG turns costlier by 22% in three months; PV and 3W OEMs which are seeing strong demand could be impacted in the long term
21 Dec 2021
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CNG has become costlier by Rs 2 a kg from December 17 and now costs Rs 63.50 a kg in Mumbai, as announced by Mahanagar Gas. This is the third price increase in consecutive months and the fifth this year. In the past three months, CNG (compressed natural gas) has turned costlier by 22% or Rs 11.52 a kg, and by 28.54% from the beginning of CY2021, when it cost Rs 49.50 a kg.
The continuing price increase in CNG, even as petrol and diesel prices have remained unchanged since the November 4 excise duty cut is now ...
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