Kerala CNG Rates On 22nd February 2024 Stay Stable As Previous Tenures
Today the CNG prices in Kerala are at reasonable range of Rs. 86/- per kg on average. Trivandrum CNG prices today and Kollam CNG rates are at Rs. 86/- per kg each, CNG prices in Alappuzha today stay around Rs. 85/- per kg.
The southern state of Kerala has an increasing demand for CNG with robust economic and commercial activities witnessed throughout the state. The usage of CNG variant vehicles have been increasing lately due to the availability of affordable car models and fuel prices for daily commute. Kerala CNG rates ahead are expected to remain stable with the upcoming general elections in the country, which historically have seen positive sentiments during election times.
Crude oil index are currently floating in green, a consistent rise noted since the beginning of this month while the international natural gas prices today are stable at 15% above the yearly lowest range. The US dollar index is tumbling below 104 levels, which might support commodity markets this week in the absence of any major economic indicators. Natural gas traders would focus over next week's US GDP data which can influence the global crude oil rates, ultimately making the natural gas prices move in India as well.
The MCX Natural Gas Futures maturing in March this year are currently trading around Rs 154.2/-, a fall of 1.09% or $ 1.7/- since yesterday.


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