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From Feb 1, MGL slashes CNG price by Rs 2.50/kg for Mumbai
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IANS | 31 Jan, 2023
The Mahanagar Gas Ltd (MGL) has slashed the price of Compressed Natural
Gas (CNG) for Mumbai and surroundings by Rs. 2.50/kg with effect from
February 1 midnight, an official said here on Tuesday.
Accordingly,
the revised prices of CNG, used in vehicles, will come down from Rs
89.50/kg to Rs 87/kg, and will prove 44 per cent cheaper compared with
petrol prices at the current price levels.
In October 2022, the
CNG prices were hiked from Rs 80/kg to Rs 86/kg, followed by another
upward revision from Rs 86/kg to Rs 89.50, and now be available at Rs.
87/kg, benefitting over 800,000 consumers using gas-powered vehicles.
The
latest downward revision is in anticipation of increased allocation of
domestically produced gas from the HPHT to CGD entities by the Ministry
of Petroleum & Natural Gas, which will reduce the MGL's input costs,
said the spokesperson.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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56.85 |
As on 13 Aug, 2022 |
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