Today's CNG Prices In Bangalore, Karnataka - June 18, 2024

As of today, the price of CNG in Bangalore, Karnataka is ₹82.50 per kg. This reflects a slight increase from yesterday's price.In comparison to May's average of ₹81.50, cng prices haven't shown significant change. However, over the past 10 days, prices have fluctuated between ₹81.50 and ₹82.50 per kg, providing valuable insights for planning your fuel needs.

Looking for historical trends? Explore our resources to easily track daily, weekly, and monthly CNG price movements in Bangalore, Karnataka. CNG prices typically revise at 6:00 AM daily across India.

Understanding CNG Price Fluctuations in Karnataka

The price you pay for cng in Bangalore, Karnataka is impacted by several factors, including:

  • Global Crude Oil Prices: While CNG is directly derived from natural gas, the price of natural gas is heavily influenced by global crude oil prices. This is because natural gas often competes with some oil derivatives (like naphtha) for use in industrial applications. When crude oil prices rise, it becomes more economical to use natural gas, driving up its demand and price.
  • Exchange Rate: Natural gas is often traded internationally in US dollars. Fluctuations in the Indian Rupee (INR) to USD exchange rate can directly affect the cost of importing natural gas.
  • Taxes: Central and state government taxes play a significant role in determining the final price of CNG. These taxes include:
  • Excise Duty: levied by the central government on the production of CNG.
  • Value Added Tax (VAT): levied by the state government on the final selling price of CNG.
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    CNG Price in Bangalore
    (Jun 18, 2024)

    List of 10 Days CNG Price In Bangalore

    DATE CNG PRICE CHANGE
    June 17, 2024 82.50₹/kg +1.00
    June 16, 2024 81.50₹/kg 0.00
    June 15, 2024 81.50₹/kg 0.00
    June 14, 2024 81.50₹/kg 0.00
    June 13, 2024 81.50₹/kg 0.00
    June 12, 2024 81.50₹/kg 0.00
    June 11, 2024 81.50₹/kg 0.00
    June 10, 2024 81.50₹/kg 0.00
    June 9, 2024 81.50₹/kg 0.00
    June 8, 2024 81.50₹/kg 0.00

    Last Six Month Trends

    City-wise List For CNG Price

    CITY CNG PRICE CHANGE
    Bagalkot 83.00₹/kg 0.00
    Bangalore 82.50₹/kg +1.00
    Bangalore Rural 82.32₹/kg 0.00
    Belgaum 82.32₹/kg 0.00
    Bellary 82.32₹/kg 0.00
    Bidar 82.32₹/kg 0.00
    Bijapur 82.00₹/kg 0.00
    Chamrajnagar 81.50₹/kg 0.00
    Chikkaballapura 82.32₹/kg 0.00
    Chikmagalur 83.00₹/kg 0.00
    Chitradurga 82.32₹/kg 0.00
    Dakshin Kannad 82.32₹/kg 0.00
    Dakshina Kannad 82.32₹/kg 0.00
    Dakshina Kannada 82.00₹/kg +1.00
    Davangere 82.32₹/kg 0.00
    Dharwad 85.00₹/kg 0.00
    Gadag 82.32₹/kg 0.00
    Gulbarga 81.50₹/kg 0.00
    Hassan 83.00₹/kg 0.00
    Haveri 82.50₹/kg 0.00
    Kodagu 83.00₹/kg 0.00
    Kolar 82.00₹/kg 0.00
    Koppal 82.00₹/kg 0.00
    Mandya 81.50₹/kg 0.00
    Mangalore 84.00₹/kg 0.00
    Mysore 81.00₹/kg 0.00
    Raichur 81.50₹/kg 0.00
    Ramanagara 82.32₹/kg 0.00
    Shimoga 82.50₹/kg 0.00
    Tumkur 82.32₹/kg 0.00
    Udupi 83.20₹/kg 0.00
    Uttar Kannad 81.50₹/kg 0.00
    Uttara Kannada 81.50₹/kg 0.00
    Vijayanagara 82.32₹/kg 0.00
    Yadgir 82.32₹/kg 0.00
    View All Karnataka Cities CNG Prices

    State-wise List For CNG Price

    STATE CNG PRICE CHANGE
    Andhra Pradesh 79.00₹/kg -13.48
    Bihar 85.48₹/kg -0.52
    Chandigarh 87.40₹/kg 0.00
    Chhattisgarh 76.81₹/kg 0.00
    Dadra and Nagar Haveli 75.16₹/kg -1.34
    Daman and Diu 75.16₹/kg -1.34
    Delhi 74.09₹/kg 0.00
    Goa 85.00₹/kg 0.00
    Gujarat 74.26₹/kg -1.83
    Haryana 83.64₹/kg +0.79
    Himachal Pradesh 88.00₹/kg 0.00
    Jammu and Kashmir 88.56₹/kg 0.00
    Jharkhand 87.45₹/kg +0.97
    Karnataka 84.00₹/kg +1.00
    Kerala 85.00₹/kg -0.25
    Madhya Pradesh 93.50₹/kg +16.69
    Maharashtra 89.90₹/kg +22.00
    Odisha 89.17₹/kg 0.00
    Pondicherry 73.50₹/kg 0.00
    Punjab 87.40₹/kg -0.18
    Rajasthan 91.00₹/kg 0.00
    Tamil Nadu 87.00₹/kg +1.00
    Telangana 92.50₹/kg +2.00
    Uttar Pradesh 93.96₹/kg +12.76
    Uttarakhand 89.00₹/kg +0.50
    West Bengal 88.50₹/kg -0.50
    View All States CNG Prices

    Frequently Asked Questions (FAQs)

    Fuel prices can vary from city to city due to several factors:

    • Supply and Demand: The basic principle of supply and demand plays a significant role. Cities with higher demand for fuel or limited supply may experience higher prices.
    • Taxes and Regulations: Different cities, states, or countries have varying tax rates and regulations on fuel. These can include excise taxes, sales taxes, and environmental regulations that affect prices.
    • Transportation Costs: The cost of transporting fuel from refineries to distribution points and, ultimately, to gas stations can vary depending on the distance and logistics. Remote cities or those far from supply sources may have higher prices due to increased transportation costs.
    • Local Competition: The level of competition among gas stations in a particular city can impact pricing. More competition often results in lower prices, while limited competition can lead to higher prices.
    • Exchange Rates: If a city is in a country with a different currency or has economic instability, exchange rates can affect the cost of imported fuel.
    • Seasonal and Weather Effects: Seasonal variations, extreme weather conditions, and natural disasters can disrupt the supply chain and lead to temporary price fluctuations.
    • Political Factors: Political stability and policies can influence fuel prices. Sudden political changes, conflicts, or government decisions regarding subsidies or pricing controls can impact costs.
    • Global Oil Market: Since oil is traded internationally, global market conditions and events, such as changes in oil production, geopolitical conflicts, and economic trends, can ripple through to local prices.
    • Consumer Behavior: The driving habits and preferences of consumers in a city can also influence prices. If people in a city predominantly use more fuel-efficient vehicles or opt for alternative transportation, it can affect demand and pricing.
    • Environmental Factors: Some cities may have stricter environmental regulations that require cleaner, more expensive fuel blends, which can result in higher prices.

    These factors can interact in complex ways, leading to variations in fuel prices from one city to another. It's important to keep in mind that prices can change rapidly due to market dynamics and local conditions, so what you pay for fuel today might not be the same as what you'll pay tomorrow.

    For those primarily engaged in city driving, petrol-fueled cars prove to be the better choice. On the other hand, when one regularly undertakes long-distance journeys, diesel fuel emerges as the more efficient option, resulting in cost savings.

    Fuel price increases impact a wide range of individuals and sectors within a state or city. The extent of the impact can vary based on the economic structure, the level of dependency on fuel, and the overall mobility patterns in the area. Here’s a detailed look at who is affected and how: 

    1. Consumers/Individuals

    Daily Commuters: Higher fuel prices directly affect individuals who rely on personal vehicles for commuting, increasing their daily travel expenses.

    Public Transport Users: Indirectly affected if public transport operators raise fares to cover increased fuel costs.

    Low-Income Households: More significantly impacted as a larger proportion of their income goes towards transportation and energy costs.

    2. Businesses

    Logistics and Transport Companies: Face increased operating costs as fuel is a major expense for freight, delivery services, and transportation providers.

    Small and Medium Enterprises (SMEs): Higher transportation and distribution costs can reduce profit margins and increase prices for goods and services.

    Agricultural Sector: Increased costs for operating machinery, transporting produce, and accessing markets can squeeze profit margins for farmers.

    3. Industries

    Manufacturing: Elevated fuel prices increase the cost of transporting raw materials and finished goods, impacting the overall cost structure.

    Retail: Retailers may face higher costs in stocking goods, which can lead to increased prices for consumers.

    Construction: Higher fuel costs for operating heavy machinery and transporting materials can raise the overall cost of construction projects.

    4. Public Services

    Public Transportation Systems: May face increased operational costs, potentially leading to higher fares or reduced services.

    Emergency Services: Police, fire, and ambulance services may experience higher operational costs, affecting budgets and resource allocation.

    5. Government and Local Authorities

    Budget Allocation: Governments may need to reallocate budgets to manage increased fuel costs for public services and infrastructure projects.

    Subsidy Burden: If the government provides fuel subsidies, higher prices can strain public finances, affecting other areas of spending.

    6. Inflation and Economy

    Inflationary Pressure: Increased fuel costs can lead to higher prices for goods and services across the board, contributing to overall inflation.

    Economic Growth: Higher operational costs for businesses and reduced disposable income for consumers can slow economic growth.

    7. Environmental Impact

    Shift in Transportation Choices: Persistent high fuel prices might push individuals and businesses to seek alternative, more fuel-efficient modes of transport or invest in renewable energy sources.

    8. Specific Groups

    Taxi and Auto-Rickshaw Drivers: Directly impacted by increased fuel costs, often leading to higher fares or reduced earnings if fares are not adjusted.

    Gig Economy Workers: Delivery drivers and other gig workers who depend on personal vehicles face increased operational costs, impacting their net earnings.

    Tourism Industry: Higher fuel costs can increase travel expenses, potentially reducing tourism if higher costs are passed on to tourists.

    Conclusion

    The impact of fuel price increases is widespread, affecting almost every sector of the economy and various aspects of daily life. While consumers face higher travel costs, businesses experience increased operating expenses, which can lead to higher prices for goods and services. Governments may need to adjust budgets and policies to manage the economic implications. The overall economic activity may slow down due to reduced disposable income and higher production costs, leading to inflationary pressures.