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Monday, June 25, 2018

Mahanagar Gas Limited hikes CNG and pipeline gas price

The hike in base price will escalate the cost of CNG by Rs 42.63 per kg and PNG by Rs 25.69 per SCM (slab 1) and Rs 31.29 per SCM (slab 2).

| Mumbai | Published: October 4, 2017 1:18:37 am
cng prices, mahanagar gas limited, cng base price, cng price hike, png price, png price hike,  Earlier, the price of CNG was Rs 41.14 per kg and the cost of PNG was Rs 24.61 per SCM (slab 1) and Rs 30.21 per SCM (slab 2).

THE MAHANAGAR Gas Limited (MGL) has increased the basic price of Compressed Natural Gas (CNG) by Rs 1.15 per kg and of domestic Pipelined Natural Gas (PNG) by Rs 0.95 per standard cubic meter (SCM) in the city. This will escalate the cost of CNG by Rs 42.63 per kg and PNG by Rs 25.69 per SCM (slab 1) and Rs 31.29 per SCM (slab 2).

Earlier, the price of CNG was Rs 41.14 per kg and the cost of PNG was Rs 24.61 per SCM (slab 1) and Rs 30.21 per SCM (slab 2).

An official statement from the MGL read: “This increase would have a marginal impact of Rs. 0.04/kilometer and Rs. 0.06/kilometer on per kilometer running costs of auto rickshaws and taxis respectively.In view of an increase in MGL’s gas purchase costs due to the recent increase in ‘Domestic Natural Gas (APM) Price’ by the Government of India from US$ 2.48 / MMBTU (GCV) to US$ 2.89 /MMBTU (GCV), MGL is constrained to increase the basic price of the fuel.”

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