Oil prices fell as U.S. crude inventories unexpectedly rose, raising demand concerns despite previous geopolitical and trade-related gains.

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Oil prices saw a modest rise after declines due to Saudi production signals, amidst U.S. economic contraction and trade policy impacts.

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CRB Index rose to 377.14 Index Points on July 29, 2025, up 0.83% from the previous day. Over the past month, CRB Index's price has risen 3.27%, and is up 16.45% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. CRB Commodity Index - values, historical data, forecasts and news - updated on July of 2025.

According to Cognitive Market Research, the Global CNG and LPG vehicle market size is USD 4,389 thousand units in 2024 and will expand at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031. Market Dynamics of CNG and LPG vehicle Market

Key Drivers for CNG and LPG Vehicle Market

Rising Focus on Low-Emission Vehicles to Boost Market Growth 

The increasing emphasis on low-emission vehicles is significantly driving the growth of the electric vehicle (EV) market. Government initiatives allocate substantial funds for EV subsidies and infrastructure development, pivotal in promoting EV adoption. This focus aligns with India's commitment to reducing carbon emissions and achieving sustainability goals. Innovations in EV technology, including advancements in battery efficiency and the expansion of charging networks, are further enhancing the appeal of low-emission vehicles. Despite challenges like high initial costs and limited charging infrastructure, the concerted efforts from both the government and industry stakeholders are propelling the market towards a greener future. For instance, in September 2024, the Indian government approved the PM E-DRIVE scheme with an outlay of $109 billion to promote electric vehicles, aiming to support the adoption of e-two-wheelers, e-three-wheelers, e-ambulances, e-trucks, and e-buses. (Source:https://www.reuters.com/business/autos-transportation/india-allots-109-bln-rupees-scheme-promote-electric-vehicles-2024-09-11/?)

Key Restraints for CNG and LPG Vehicle Market

High Initial Investment of CNG Vehicle to Hamper Market Growth 

The adoption of Compressed Natural Gas (CNG) vehicles in India faces a significant barrier due to the high initial investment required. CNG variants often come with a price premium over their petrol counterparts, making them less attractive to cost-conscious consumers. Additionally, the infrastructure for CNG refuelling stations, though expanding, remains limited in certain regions, further deterring potential buyers. While CNG offers lower operational costs and reduced emissions, the upfront financial commitment and regional disparities in fueling infrastructure continue to impede its widespread adoption. (Source:https://www.thehindu.com/business/Economy/rising-gas-prices-constrain-cng-penetration-in-commercial-vehicles-icra/article66242180.ece?)

Key Trends for CNG and LPG Vehicle Market

Integration of Smart Monitoring Systems to Create Opportunities in the Market 

Integrating smart monitoring systems into CNG and LPG vehicles creates numerous market opportunities, especially in improving fuel efficiency, ensuring safety, and enhancing user convenience. Such systems provide real-time data on fuel consumption, leak detection, and maintenance alerts, they allow for better decision-making, reducing operational costs. Additionally, the integration of these technologies plays a crucial role in minimizing environmental impact by optimizing fuel usage. With governments and consumers increasingly prioritizing sustainability, the demand for smart monitoring systems in CNG and LPG vehicles is expected to grow, opening doors for technological innovation and long-term market growth in the automotive industry. For instance, in March 2023, Maruti Suzuki launched the Brezza S-CNG, India's first factory-fitted CNG sub-compact SUV, offering a fuel efficiency of 25.51 km/kg. (Source:https://www.uniindia.com/news/business-economy/maruti-suzuki-s-cng/3281727.html?)
Introduction of the CNG and LPG Vehicle Market

Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) vehicles are alternative fuel vehicles that as cleaner alternatives to traditional gasoline and diesel. The primary drivers for their adoption include environmental concerns, cost-effectiveness, and government incentives promoting cleaner fuels. However, challenges such as limited refuelling infrastructure and higher initial costs can hinder their widespread adoption. Innovations like twin-cylinder CNG technology, which optimizes boot space, and factory-fitted turbo-petrol CNG engines are enhancing vehicle performance and appeal. For instance, in September 2024, Tata Motors introduced the Nexon iCNG, India's first turbo-petrol CNG vehicle, featuring twin-cylinder technology for improved boot space. (Source:https://www.tatamotors.com/press-releases/tata-motors-boo...