The state-run city gas utility, Mahanagar Gas Limited (MGL), has announced a marginal increase in the price of compressed natural gas (CNG) by Re 1 per kg. As a result, the revised selling price inclusive of all taxes in and around Mumbai will be Rs 48.95 per kg.
According to MGL, even after the above revision, CNG offers attractive savings of about 60 per cent and 39 per cent compared to petrol and diesel, respectively, at the current price levels in the megapolis. The decision has been taken to partially recover fixed costs in the face of lower sales due to the pandemic, and higher landing cost of gas due to the depreciation of the rupee against the dollar.