Mahanagar Gas (MGL) has increased prices by Rs 6 per kilogram for CNG and by Rs 4 a unit for piped natural gas with immediate effect. The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas. This is the sixth price hike since April this year.
The price hike is to meet the shortfall in domestic gas allocation, as it forced to source additional market-priced natural gas to cater to the increasing requirement of CNG and PNG.
Mahanagar Gas is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.
