An MGL spokesperson said the revised all-inclusive prices of CNG which fueled vehicles will increase from Rs 63.50 per kg to Rs 66.00 per kg.
Then CNG and PNG gas became expensive
Mahanagar Gas Limited (MGL- Mahanagar Gas Limited) the CNG (CNG Price) and png prices (PNG Price) I have increased from midnight on Saturday. Let us tell you that just three weeks ago, the company had increased the prices of CNG and PNG. An official informed about the increase in the prices of CNG and PNG on Saturday. The base price of CNG for Mumbai Metropolitan Region (MMR) has been increased by Rs 2.50 per kg and for domestic PNG by Rs 1.50 per scm. The company had increased the prices of CNG and PNG on the 18th of the last month i.e. in December 2021 itself.
Price of one kg of CNG increased from Rs 63.50 to Rs 66
An MGL spokesperson said on Saturday that after the hike in prices, the new CNG prices will increase from Rs 63.50 per kg to Rs 66.00 per kg and PNG prices will increase from Rs 38/scm to Rs 39.50/scm.
Justifying the hike in prices, MGL said to meet the shortfall in domestic gas allocation, it is sourcing natural gas with additional market value to meet the growing requirement of CNG and domestic PNG segments.
Due to the substantial increase in the price of natural gas over the market price, MGL’s input gas cost has also increased significantly and its cost is expected to be partially offset by the latest hike for consumers.
The prices of CNG and PNG were increased on December 18 only.
Let us inform that before this latest increase in CNG and PNG prices, the company had increased the rates of CNG by Rs 2.00 per kg and PNG rates by Rs 1.50 per SCM on December 18, 2021 itself. Due to which 16 lakh PNG consumers and more than 8 lakh CNG customers were dealt a tremendous blow.
Explain that the decision of MGL to increase the prices of CNG and PNG has a bad effect on a total of 24 lakh customers.
Incidentally, MGL had hiked CNG-PNG prices twice in October, ahead of the festive season, then in November and again in December.
However, MGL has assured that despite the latest hike, CNG offers attractive savings of around 59 per cent and 30 per cent respectively over petrol and diesel at current prices and about 22 per cent compared to PNG prices.
With IANS inputs