CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%
The city gas utility Mahanagar Gas on Thursday announced a steep reduction in the retail price of CNG by Rs 6 per kg and piped gas by Rs 3.50 per scm, effective Friday, even as the Centre more than doubled the price of domestically-produced natural gas earlier in the day.
In a statement on Thursday, MGL said consequent to the reduction in VAT on natural gas from 13.5 per cent to 3 per cent from April 1 by the state government, MGL has decided to pass on the entire benefit to end-consumers.
Accordingly, the retail price of compressed natural gas (CNG) is cut by Rs 6 to Rs 60 per kg and domestic piped natural gas (PNG) by Rs 3.50 to Rs 36/scm in and around Mumbai effective Friday, it said.
