Mahanagar Gas hikes CNG prices in Mumbai by ₹1.5/kg, sixth hike since May
Mahanagar Gas Ltd has increased CNG prices in Mumbai by ₹1.5/kg, marking the sixth hike since May due to rising input costs and global supply chain issues. The company cites the Middle East crisis and reduced domestic gas allocation as primary drivers for the price surge.
Why it matters
Rising fuel costs directly impact the cost of living and transportation for urban residents, reflecting broader economic pressures caused by geopolitical instability.
Amid rising costs of input gas, Mahanagar Gas Ltd (MGL) increased prices of compressed natural gas (CNG) at their retail outlets ₹1.5 per kg. Mumbai CNG price rises ₹1/kg to ₹89, fifth hike in six months storyline 1 Effective November 15, CNG in Mumbai would be priced at ₹91.5 per kg in Mumbai. Mahanagar Gas hikes CNG prices by ₹2/kg as LNG prices continue to soar Mahanagar Gas hikes CNG prices by ₹2/kg as LNG prices continue to soar CNG in Mumbai would now cost ₹88/kg. Price of Domestic PNG would also be hiked by ₹1/SCM. Mahanagar Gas hikes CNG prices by ₹2/kg as LNG prices continue to soar storyline 1 Cumulatively prices of the vehicular gas have increased ₹9.5 per kg across six tranches since May 14. Moreover, the latest is the second hike in the ongoing month.
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