Mahanagar Gas hikes CNG price by ₹2, PNG by ₹1
Higher international gas costs have prompted Mahanagar Gas to revise prices, affecting millions of consumers and CNG vehicles across several States
Mahanagar Gas has announced a price increase for Compressed Natural Gas (CNG) and domestic piped natural gas (PNG) due to rising input costs linked to Middle East tensions. The new price for CNG will be Rs 88 per kg in Mumbai and surrounding areas, effective from midnight on September 1. The price hike comes as a result of a significant increase in input gas prices due to international indices, primarily driven by the Middle East crisis.
MGL, the company responsible for the price changes, stated that the increase in CNG prices will only partially offset the rising cost of input gas, ensuring a continued supply to customers. Approximately 13 lakh CNG vehicles in various regions of Maharashtra and Karnataka depend on MGL's supply network. For domestic PNG consumers, a similar price increase of Rs 1 per SCM (standard cubic meter) of gas is being implemented.
This announcement follows a similar price hike by Indraprastha Gas, a peer company serving the national capital region and surrounding areas.
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