Chennai CNG reaches ₹95/kg, drivers demand meter revision

Global market volatility pushes fuel prices

The spike in CNG prices is mostly thanks to global energy market ups and downs, especially tensions in West Asia and supply troubles. These issues have pushed fuel prices higher in affected markets.
The government has tried to soften the blow by cutting excise duties on petrol and diesel before, but that move cost them nearly ₹14,000 crore in revenue.