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HomeIndiaCNG And PNG Price Hiked In Mumbai; Know The Latest Rates

CNG And PNG Price Hiked In Mumbai; Know The Latest Rates

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The people suffering from inflation have got another setback. Rising food items, petroleum products, and gas prices in Mumbai have added to the people’s problems. Mahanagar Gas Limited (MGL) has again increased the retail price of Compressed Natural Gas (CNG) in Mumbai. Also, the cost of piped natural gas, i.e. PNG, has increased in Mumbai. The new rates have come into effect from today, i.e. 13th July 2022.

How much did the price increase?

The price of CNG has increased by Rs 4 per kg. Along with this, the cost of piped natural gas has been increased by Rs 3 per standard cubic meter (per unit). After this increase, now the price of CNG in Mumbai and its surrounding areas has increased to Rs 80 per kg. The cost of PNG has gone up to Rs 48.50.

Why did the price increase?

The gas distributor company has said that due to the rise in gas prices and the depreciation of the rupee against the dollar, the prices are increasing continuously. The company is procuring gas from overseas markets to meet the shortfall in domestic gas allocation.

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What will be the effect

The increased prices of CNG and PNG will directly impact the commoner. This may affect taxi and cab services. With the skyrocketing CNG prices, rides for cab services like Ola and Uber may become costlier.

Government Takes Decision

Despite liberalizing the energy sector, the government still controls both the price and supply of natural gas. Prices and supply allocation are decided twice a year in advance.

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Abhay Singh
Abhay Singh
Abhay Singh is Our Journalist at Spot News 18. He Loves to Gather News and to Provide Authentic News to Our Readers. He Is very Passionated about his Work.

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