Mumbai CNG Price Hiked by Re 1 to Rs 89 Per Kg
The price of compressed natural gas (CNG) in Mumbai is set to rise by Rs 1 per kg from October 1, bringing the new rate to Rs 89 per kg. This increase affects nearly 12.93 lakh vehicles across the region, including auto-rickshaws, taxis, private vehicles, and transport authorities' vehicles that rely on CNG.
Mahanagar Gas Limited (MGL) has attributed the price hike to higher input gas costs, including increased prices for domestically produced gas and imported Regasified Liquefied Natural Gas (RLNG). The company linked the rise in imported gas costs to the ongoing West Asia crisis.
The revised rate will partially offset the higher cost of input gas and help maintain a sustained supply of natural gas to MGL's customers. This is the third price revision this year, following two earlier hikes in May and September. In May, the company increased the CNG price by Rs 2 per kg, taking it to Rs 88 per kg.
MGL had previously attributed the May increase to higher gas procurement costs resulting from reduced allocation of domestic gas and depreciation of the Indian rupee against the US dollar. The company will continue to explore ways to optimise gas procurement while promoting natural gas as a cleaner fuel alternative.