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Mumbai-based Mahanagar Gas Ltd (MGL) has reduced the price of compressed natural gas (CNG) to Rs 73.50/Kg effective from midnight of 5th March 2024/ morning of 6th March 2024, the company said on Tuesday.
“Due to reduction in gas input cost MGL is pleased to announce reduction in CNG price by Rs 2.5/Kg in and around Mumbai,” the company said, adding that MGL’s CNG price now offers attractive savings of 53% compared to petrol and 22% compared to diesel at current price levels in Mumbai.
This reduction in CNG price would help to increase the consumption of natural gas in transportation segment, which is a step towards making India cleaner and greener, the company added.
MGL’s scrip ended at Rs 1564.85, up 1.15% on the BSE, Tuesday.
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