Oil prices edged higher on Tuesday after suffering their sharpest weekly drop in weeks, following fresh military attacks by the US at Bandar Abbas near the Strait of Hormuz dampening optimism over a potential US-Iran breakthrough.
Brent crude climbed toward $98 a barrel while WTI traded near $91, recovering part of Monday’s 7% slide amid renewed concerns over supply disruptions.
Earlier today, the cost of Compressed Natural Gas (CNG) was increased by ₹2 per kg in the nation’s capital earlier today. As per Indraprastha Gas Limited (IGL), the new rates came into effect at 6:00 AM on Wednesday, May 26, 2026, taking the cost of CNG to ₹83.09 per kg in Delhi.
This comes as the fourth consecutive price increase for the fuel within just 11 days, during which the cumulative cost hikes have added to an extra ₹5 to ₹7 per kg to the green fuel, thereby increasing its cost and making it a burden for common people who started using CNG to dodge their way out of expensive petrol and diesel.
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