New Delhi: Mahanagar Gas Ltd. (MGL), the gas distributor in Mumbai, announced on Friday, November 4, that as of midnight on November 5, 2022, the retail prices of compressed natural gas (CNG) and piped natural gas (PNG) will both increase by Rs. 3.5 per kilogramme and Rs. 1.5 per unit, respectively.
This is the second adjustment since the Center raised the cost of domestically generated gas supplied through an administered price mechanism (APM) by 40% for the second half of the fiscal year in October. This rise followed a 110 percent increase for the first half in April.
According to MGL, the supply of APM gas has been reduced by 10%, forcing the company to purchase fuels from outside sources at a significantly higher price because the demand for gas has not yet decreased.
Even at the revised price, according to MGL, CNG is still 42 percent less expensive than gasoline in the metropolis, while PNG is roughly 8% less expensive than existing LPG.
In and around Mumbai, MGL provides gas service to 1,98 million homes, 4,067 small businesses, and 360 industrial facilities.
Additionally, the organisation provides CNG to automobiles in Mumbai, Thane, Mira-Bhayander, Navi Mumbai, and other areas. In Mumbai, Greater Mumbai, Thane, Navi Mumbai, and Panvel, there are 296 CNG filling stations.