News Oil & Gas

gas prices: MGL slashes prices of CNG in Mumbai; to cost Rs 76/ kg from Oct 2


The Mahanagar Gas Limited (MGL), in Mumbai, reduced the retail price of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) by Rs 3 per kilogram and Rs 2 per SCM respectively, Moneycontrol reported on Sunday. The new rates, Rs 76 per kg for CNG and Rs 47 per SCM for PNG, shall be effective from October 2.

“MGL is pleased to announce reduction in CNG price by Rs 3/Kg and Domestic PNG (DPNG) by Rs 2/ SCM in and around Mumbai. The revised MRP of CNG will be Rs 76.00/Kg and Domestic PNG Rs 47.00/SCM effective from midnight of 1st October 2023/ morning of 2nd October 2023,” a statement as accessed by Moneycontrol read.

The action follows the Center’s revision of the natural gas pricing formula for domestic production. The company, with this move aims to maximise consumption of natural gas in domestic and transportation segment.

Notably, MGL cut the cost of domestic PNG and CNG by Rs 5/SCM and Rs 8/kg, respectively, in April of this year.


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