Maharashtra gas ltd, Natural gas company

Mumbai, Oct 13 On the eve of Dussehra, the Maharashtra Gas Ltd (MGL) on Wednesday hiked the prices of domestic PNG and vehicular CNG - for the second time in a week, with effect from midnight (October 13/14).The MGL announced a price increase of Rs 2.30/kg for Compressed Natural Gas and Rs 1.11/SCM for domestic Piped Natural Gas.With this, the revised, all-inclusive final prices of CNG used by vehicles will go up from Rs 54.57/kg to Rs 57.54/kg (including taxes).Similarly, the rates of domestic PNG in and around Mumbai will shoot up from Rs 32.67/SCM to Rs 33.93/SCM (Slab 1) and from Rs 38.27/SCM to Rs 39.53/SCM (Slab 2), respectively.The fresh hike will hit around 1.60 million PNG consumers and over 800,000 CNG customers in and around Mumbai ahead of the festivals of Dussehra and Diwali.The MGL has justified the hike on grounds that from October 1, the Central government has increased the prices of domestically produced gas by a whopping 62 per cent.Besides, re-gasified LNG prices are at historic high levels, and this combination led to a significant increase in the cost of gas being procured by MGL."Being a customer-focused company, the MGL has always tried to maintain price stability for its CNG and domestic PNG customers. However, since the increase in gas price is large, MGL has decided to progressively recover such increased gas cost," said the gas service provider.The MGL assured that despite the upward revision, CNG offers a saving of about 64 per cent and 43 per cent compared with petrol-diesel, at current price levels, in Mumbai.Similarly, MGL's domestic PNG offers 33 per cent saving in comparison to the current price of domestic LPG coupled with convenience, safety, reliability and environmental friendliness to consumers.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Maharashtra Gas LtdFOLLOW

Maharashtra gas ltd, Latest News

Maharashtra :MGL raises PNG/CNG prices for second time in a week

Mumbai, Oct 13 On the eve of Dussehra, the Maharashtra Gas Ltd (MGL) on Wednesday hiked the prices ... ...