CNG, PNG prices to rise starting today in Mumbai

Starting Sunday, the price of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) will be increased by Rs 1.23 per kg on CNG and Rs 1.04 in Standard Cubic Meter (SCM) on PNG in Mumbai.

After the hike, CNG, which was earlier priced at Rs 42.63 per kg will now be Rs 44.22 per kg. On the other hand, PNG, which was earlier priced Rs 25.69 SCM for first slab and Rs 31.29 for second slab, will now be priced at Rs 26.87 SCM for first slab and Rs 32.47 for second slab.

A statement from Mahanagar Gas Limited says, "In view of the increase in MGL's gas purchase costs due to the recent increase in Domestic Natural Gas price by the Government of India, MGL is constrained to increase the basic price of (CNG) and (PNG)."

MGL has further stated that the increase would have a marginal impact of Rs 0.05 per km and Rs 0.06 per km on the per km running costs of auto rickshaws and taxis. "Even after the revision, MGL's CNG still continues to be an attractive proposition and offers savings of about 61% and 35% as compared to petrol and diesel respectively at current price levels in Mumbai."