Skip to content
Back to Guavy Wire
Commodities

MGL Hikes CNG Price Amid Middle East Crisis

Instruments
Natural Gas
Share

Mahanagar Gas Limited has announced a price revision for CNG and PNG due to the ongoing crisis in the Middle East, which has led to a significant increase in input gas prices linked to international indices.

The company has decided to increase CNG prices by ₹2.0 per Kg in all geographical areas (GA's), with the revised delivered price of CNG set at ₹88.00 per Kg in and around Mumbai. This change will be effective from midnight of August 31, 2026 / morning of September 01, 2026.

The increase in input gas prices has also impacted the overall cost of gas supplied by MGL, resulting in a rise in Domestic PNG (DPNG) price by ₹1 per Standard Cubic Meter (SCM), effective from midnight of August 31, 2026 / morning of September 01, 2026.

MGL remains committed to providing affordable and environmentally friendly energy solutions to its customers, continuing to explore avenues to optimize costs and pass on benefits to consumers. This move is aimed at ensuring the widespread adoption of natural gas as a cleaner fuel alternative.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc