CNG costlier by ₹4 in Mumbai, third hike in April

MUMBAI: The prices of Compressed Natural Gas (CNG) in the city will increase by ₹4, effective Friday midnight. This will be the third hike by Mahanagar Gas Limited (MGL) in the month of April. Subsequent to this, the revised rate for CNG will be ₹76/kg. There will be no increase in the price of Piped Natural Gas (PNG) in Mumbai. Earlier, CNG was priced at ₹72/kg, while domestic PNG is presently available at ₹45.50/Standard Cubic Meter (SCM).

A statement from Mahanagar Gas Limited read, “The cost of regasified Liquefied Natural Gas (LNG) which is being blended to offset the shortfall in the availability of domestic gas for CNG and domestic Piped Natural Gas (PNG) segments, are at historically high levels. This combination has resulted in a significant increase in the cost of gas being procured by MGL. Being a customer-focused company, MGL has always tried to maintain price stability for its customers. However, since the increase in input gas price is significantly high, MGL has decided to progressively recover such increased gas cost.”