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There has been a sharp increase in the prices of CNG and PNG in Mumbai. In fact, government companies had increased the prices of natural gas by a record 40 per cent, after which the prices of CNG and PNG were expected to rise sharply. After Mumbai, it is likely that the prices of CNG and PNG will be increased in other cities including Delhi.
City Gas Distribution Company Mahanagar Gas (MGL) has increased the price of CNG by Rs 6 per kg. Apart from this, the price of piped cooking gas (PNG) has been increased by Rs 4 per unit (SCM). The new prices are effective from Monday midnight.
With this, the retail price of Compressed Natural Gas (CNG), which is used as fuel in vehicles in Mumbai and surrounding areas, has increased to Rs 86 per kg. At the same time, the price of domestic PNG will be Rs 52.50 per SCM. MGL has said that after this hike, the price savings between CNG and petrol has come down to 45 per cent. At the same time, this difference between PNG and LPG has remained only 11 per cent.
The company has said that the government has increased gas prices by 40 per cent from October 1, due to which it has to take this step.
The Petroleum Price and Analysis Cell under the Petroleum Ministry had on September 30 announced a massive 40 per cent hike in the prices of domestically produced gas for the next six months from October 1. Earlier on April 1, gas prices were increased by 110 per cent citing international prices.
The government revises gas prices twice a year on April 1 and September 30. With the rise in gas prices, the cost of gas distribution companies in cities has increased, due to which they have passed its share to the customers.
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