MGL slashes CNG price by Rs 2.50 per kg; leaves PNG prices unchanged

After nearly half a dozen times of hikes, the city gas utility Mahanagar Gas on Tuesday announced a reduction of Rs 2.50 per kilogram to Rs 87 a kg in the price of compressed natural gas (CNG), effective from Wednesday.

Mahanagar Gas Ltd (MGL), however, left the price of cooking gas PNG unchanged.

Since April 6, the price of CNG had gone up by Rs 29.50 per kilogram and that of piped natural gas (PNG) for residential use by Rs 18.50 at Rs 54.

CNG price on November 4, 2022 had peaked at Rs 89.50 per kilogram and that of PNG at Rs 54 a kg.

The state-owned company said the marginal cut in prices is in anticipation of the increased allocation of domestically-produced natural gas