Mahanagar Gas Limited (MGL) has raised CNG prices in Mumbai by ₹1.50 per kg, bringing the new rate to ₹91.50 per kg. This marks the eighth price hike this year, with the latest adjustment taking effect on Sunday, November 15. Since January, CNG prices have surged by ₹11 per kg, a nearly 14% increase, impacting around 12.93 lakh vehicles across the Mumbai Metropolitan Region.
The price revision was attributed to rising natural gas procurement costs, reduced allocation of domestically produced gas, and increased reliance on imported regasified liquefied natural gas (RLNG). The ongoing crisis in the Middle East has also contributed to concerns over international energy supplies and prices. MGL stated that the latest hike aims to pass on part of the increased gas costs to consumers while ensuring a stable supply of CNG.
The repeated price increases are expected to add financial pressure on autorickshaw and taxi drivers, app-based cab operators, and private motorists who depend on CNG-powered vehicles. The company is exploring ways to reduce procurement costs and has reiterated its commitment to promoting natural gas as a cleaner alternative to conventional fuels.