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Oil & Gas

MGL revises CNG and PNG prices to offset higher gas costs

Energy Asia 1 min read
Mahanagar Gas Limited

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EA AI summary
  • Mahanagar Gas Limited (MGL) has announced a revision in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) due to a rise in gas costs.
  • This increase is attributed to the growing demand in the CNG and Domestic PNG segments, coupled with a further shortfall in domestic gas allocation, which has necessitated sourcing additional market-priced natural gas, including imported Regasified Liquefied Natural Gas (RLNG).
  • To partially offset the elevated gas costs, MGL has decided to increase the delivered price of CNG by ₹1.50 per kilogram and Domestic PNG by ₹1 per Standard Cubic Meter (SCM).
  • With the revision, the inclusive prices of CNG and Domestic PNG in Mumbai will be ₹75 per kilogram and ₹48 per SCM, respectively.
  • Despite this price adjustment, MGL's CNG remains a highly economical choice, offering substantial savings of approximately 50% compared to petrol and 17% compared to diesel at current price levels in Mumbai.

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Mahanagar Gas Limited (MGL) has announced a revision in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) due to a rise in gas costs. This increase is attributed to the growing demand in the CNG and Domestic PNG segments, coupled with a further shortfall in domestic gas allocation, which has necessitated sourcing additional market-priced natural gas, including imported Regasified Liquefied Natural Gas (RLNG).

To partially offset the elevated gas costs, MGL has decided to increase the delivered price of CNG by ₹1.50 per kilogram and Domestic PNG by ₹1 per Standard Cubic Meter (SCM). These new prices will take effect from midnight of July 08, 2024, or the morning of July 09, 2024, in and around Mumbai.

With the revision, the inclusive prices of CNG and Domestic PNG in Mumbai will be ₹75 per kilogram and ₹48 per SCM, respectively.

Despite this price adjustment, MGL’s CNG remains a highly economical choice, offering substantial savings of approximately 50% compared to petrol and 17% compared to diesel at current price levels in Mumbai. Additionally, MGL’s Domestic PNG continues to provide unparalleled convenience, safety, reliability, and environmental benefits to its consumers.

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