CNG, PNG prices reduced by Rs. 6 and Rs. 4 respectively

Mumbai, Aug 17: State-run gas utility Mahanagar Gas Limited has reduced prices for compressed natural gas (CNG) by six rupees per kg and domestic piped natural gas (PNG) by four rupees per standard cubic meter in and around Mumbai, effective Wednesday.

 

 

 

The reduction in prices has come after the Ministry of Petroleum and Natural Gas revised upwards the allocation of domestically produced natural gas to the city gas distribution company, MGL said.

 

 

 

"The revised price of CNG offers attractive savings of about 48% compared to petrol at the current price level in Mumbai. MGL’s Domestic PNG offers around 18% saving as compared to current MRP of Domestic LPG while delivering unmatched convenience, safety, reliability, and environmental friendliness to consumers," the company said.

 

Also Read: Wholesale inflation eased to 13.93% in July from 15.18% last month 

 

MGL had in the first week of August, increased prices for CNG and PNG by a similar amount, which was the sixth hike since April this year.