The Mahanagar Gas Limited has increased the rates of the Compressed Natural Gas(CNG) and Domestic Piped Natural Gas (PNG) with effect from Saturday, November 27, in the Mumbai Metropolitan Region (MMR). This is the third increase in the last two months.
According to revised rates, including taxes, the CNG price will be increased by ₹3.06 per kg and is available at the rate of ₹61.50 per kg. While the PNG rates will increase by ₹2.26/Standard Cubic Meter(SCM) and is being sold at ₹36.50/SCM.
Releasing an official statement, MGL said: “In order to meet the shortfall in domestic gas allocation, MGL is sourcing additional market-priced natural gas to cater to the increasing requirement of CNG and domestic PNG segments. On account of the substantial increase in natural gas prices in the international market, MGL’s input gas cost has also increased substantially.”
“Even after the above revision, CNG offers attractive savings of about 62 percent and 35 percent as compared to petrol and diesel respectively at current price levels in Mumbai,” MGL added.
Moreover, it has come to light that this year, its rate in Mumbai metropolitan region has gone up by around INR 14 in 10 months. The month of October saw two revisions in the prices.
CNG was priced at ₹57.54 per kg while PNG was priced at ₹33.93/SCM in slab 1 and ₹39.53/SCM in slab 2 respectively as on October 14. Whereas, October 5 saw the prices of CNG and domestic PNG at ₹54.57 per kg, while PNG was available at ₹32.67/SCM in slab 1 and ₹36.00 /SCM in slab 2.
Due to this hike, Taxi unions had demanded the Maharashtra government to hike taxi fares in the city. They also threatened to go on a strike if CNG prices hike any further.
Unions have approached the state government asking to hike the base fare of taxis by ₹2 and increase it to ₹27 from the present ₹25.
Also Read: Autorickshaw fares increased for Pune, PCMC - Check the latest rates here
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