Mahanagar Gas cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees

State-run gas utility Mahanagar Gas Ltd NSE -1.85 % (MGL) has reduced prices for compressed natural gas (CNG) by six rupees per kg and domestic piped natural gas (PNG) by four rupees per standard cubic meter in and around Mumbai, effective Wednesday.

Reduction in prices have come after the Ministry of Petroleum and Natural Gas revised upwards the allocation of domestically produced natural gas to the city gas distribution company, MGL said.