alternative fuel prices in the World
CNG price in the World in
Looking ahead, retail energy prices may continue to rise in many countries, either as international prices are gradually incorporated into import contracts, or as retail energy prices continue to adjust to reflect the increase in costs.
Because of this, the production of renewable gas, such as biomethane or synthetic methane, which is increasingly used in transportation, is becoming more important. All types of Natural Gas Vehicles can run on sustainably produced renewable gas and also produce fewer emissions.
The average price of CNG in the world is up to 48% lower than that of gasoline and up to 31% lower than diesel, which makes it an economical fuel for transport. Although natural gas vehicles are, on average, more expensive to purchase than a conventional fuel vehicle, the initial cost is offset by the lower price of CNG.
The price of CNG differs throughout the world due to the variable price of natural gas for industry, market variations according to origin and excise taxes.