Mahanagar Gas Ltd to hike price of CNG by ₹2 per kg across all retail outlets
CNG in Mumbai would now cost ₹88/kg. Price of Domestic PNG would also be hiked by ₹1/SCM.
Mahanagar Gas Ltd (MGL) announced late Monday that it will increase the price of compressed natural gas (CNG) by ₹2 per kilogram across all retail outlets, effective from September 1, as the city-gas distributor seeks to offset the rise in input gas prices due to heightened tensions in West Asia. In addition to the CNG hike, MGL announced a ₹1 increase in the rates for domestic piped natural gas (D-PNG) per standard cubic metre (SCM).
With this latest hike, the price of CNG at MGL's outlets has gone up by ₹6 per kg in three increments since May 14. The move is in line with Indraprastha Gas Ltd, which raised CNG prices by nearly ₹9 per kg across five increments following a ₹3.89/kg increase on August 29. MGL explained that the price hike aims to cover the significant impact of rising input gas costs on the overall expense of supplying gas.
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