:: Technical --- ID :: 16667
Mahanagar Gas cuts CNG, PNG prices in and around Mumbai
Mahanagar Gas cuts CNG, PNG prices in and around Mumbai

Mahanagar Gas cuts CNG, PNG prices in and around Mumbai

Mumbai: State-run Mahanagar Gas (MGL) on Thursday cut prices for the compressed natural gas (CNG) and domestic piped natural gas (PNG) from tonight following a drop in the domestically produced gas.

"MGL has reduced its CNG price by ?2.04 per kg and PNG by ?1.19 per SCM in and around Mumbai effective from tonight," the company said in a statement.

Accordingly, revised delivered prices inclusive of all taxes of CNG and PNG will be ?49.95 per kg and ?30.60 per SCM (Slab 1) and ?36.20 per SCM (Slab 2) respectively.

On 30 September, the government announced a 12.5 per cent reduction in domestic natural gas price to $3.23 per million British thermal units (mmBtu) from $3.69 per mmBtu (on a gross calorific value basis).

"After the revision, MGL's CNG offers attractive savings of about 55 per cent and 29 per cent as compared to petrol and diesel respectively at current price levels in Mumbai," it said.

Livemint 03-10-19