New Delhi: BJP national spokesperson Syed Shahnawaz Hussain on Saturday said that the recent CNG price hike of Rs 3.89 was due to the ongoing geopolitical tensions between Iran and the US, which have resulted in the closure of the Strait of Hormuz.
Speaking to ANI, Hussain said, "The prevailing global situation, including the closure of the Strait of Hormuz and the tensions between the US and Iran, impacts markets worldwide, and India is affected as well. Since we rely heavily on imports, a shortage of CNG creates difficulties; that is why prices have risen slightly. Once the situation normalises, prices will come down."
