Earlier this month, GAIL had announced an 18 percent increase in the prices of natural gas supplied to city gas companies.
CNG, PNG prices rise once again
Due to the rise in the prices of natural gas, the prices of CNG and PNG are increasing across the country. In this episode, the prices of CNG and PNG have increased in Mumbai. At the same time, CNG has become expensive in Ahmedabad. Earlier this month, GAIL had announced an 18 percent increase in the prices of natural gas supplied to city gas companies. After which the prices of CNG and PNG have started increasing across the country.
CNG and PNG costlier in Mumbai
City gas distributor Mahanagar Gas Limited (MGL) has increased the price of CNG by Rs 6 per kg. Along with this, it has been announced to increase the price of piped natural gas (PNG) by Rs 4 per unit with immediate effect. This is the second hike in prices in a month. The price hike comes amid rising natural gas prices both internationally and domestically. Over the past several weeks, suppliers and distributors were forced to cut industrial supplies due to rising prices. This is the sixth increase in prices since April this year. MGL said in a statement, “Due to the increase in gas cost, we have decided to cover the cost. So we have increased the retail price of CNG to Rs 86 (per kg) and that of domestic PNG to Rs 52.50 (per unit).
CNG and PNG prices increased in Ahmedabad
At the same time, Adani Total Gas has increased the price of CNG in Ahmedabad by Rs 1.99 per kg. After which the price has increased to Rs 85.89 per kg. CNG prices in the city have seen an increase of more than 50 percent during the last 11 months. Along with this, the company has increased the price of PNG supplied to households from Rs 1514 per mmBtu to Rs 1542 per mmBtu.