Public sector company Mahanagar Gas Limited (MGL) has cut down the prices of natural gas – Compressed Natural Gas (CNG) used in vehicles and Piped Natural Gas (PNG) which is used in households.
The reduction in gas prices has been implemented from Thursday night. The MGL has taken this step after a drastic reduction in domestically produced gas prices.
The price of CNG in Mumbai and surrounding areas has been reduced by ₹2.04 per kg and PNG by ₹1.19 per standard cubic meter (SCM)," the company said in a statement.
As per the revised prices, the CNG rates have come down to ₹49.95 per kg while the PNG will be sold at ₹30.60 per cubic meter (slab 1) and ₹36.20 per SCM (slab 2).
"After the revision, MGL's CNG offers attractive savings of about 55 per cent and 29 per cent as compared to petrol and diesel respectively at current price levels in Mumbai," the government said.
Earlier on September 30, the government announced a reduction of 12.5 per cent in domestically produced natural gas from $3.69 per unit (MMBTU) to $3.23 per unit.
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