State-run gas utility Mahanagar Gas increases CNG prices by Re 1 to Rs 48.95/kg

State-run city gas utility Mahanagar Gas (MGL) on Saturday announced a marginal Rs. 1 per kg increase in the price of compressed natural gas (CNG) to Rs 48.95 per kg.

“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, we are constrained to increase the selling of CNG by Re 1 effective today,” MGL said in a statement.

Accordingly, revised selling price inclusive of all taxes in and around Mumbai will be Rs 48.95/kg. Even after the above revision, CNG offers attractive savings of about 60 percent and 39 percent compared to petrol and diesel respectively at the current price levels in the megapolis.

(Indian PSU: All about Indian Public Sector Undertakings. Follow @IndianPSUs for all the News & Views on PSUs, Corporates, Markets, Bureaucracy, Public Policy)

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