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Mahanagar Gas reduces price of compressed natural gas

01 Feb 2023 Evaluate

Mahanagar Gas (MGL) has reduced Rs 2.50 per kilogram in the price of compressed natural gas (CNG), effective from Wednesday (February 1, 2023). After this reduction, the retail price of the fuel will come down to Rs 87 per kg in and around Mumbai. The company, however, left the price of cooking gas PNG unchanged.

Since April 6, the price of CNG had gone up by Rs 29.50 per kilogram and that of piped natural gas (PNG) for residential use by Rs 18.50 at Rs 54. CNG price on November 4, 2022 had peaked at Rs 89.50 per kilogram and that of PNG at Rs 54 a kg.

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.

Mahanagar Gas Share Price

1183.30 43.95 (3.86%)
16-Jun-2026 16:01 View Price Chart
Peers
Company Name CMP
GAIL India 175.75
Gujarat Energy 394.00
Indraprastha Gas 168.60
Mahanagar Gas 1183.30
Adani Total Gas 713.45
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