Mahanagar Gas Ltd. has cut the price of compressed natural gas (CNG) by Rs 2.50 per kilogramme in and around Mumbai following a reduction in gas input costs for the company.
CNG will now cost Rs 73.50 per kg, effective from 12 a.m. on March 6, the company said in a statement.
The city gas distributor last undertook a price cut of Rs 3/kg in October 2023.
“MGL has always been a customer-friendly company, consistently and promptly passing reductions in gas costs to its consumers to promote usage of natural gas,” it said.
MGL's CNG price now offers attractive savings of 53% compared to petrol and 22% compared to diesel at current price levels in Mumbai.
This reduction in CNG price would help to increase the consumption of natural gas in the transportation segment, which is a step towards achieving India's target of increasing natural gas contribution to 15% of the entire energy mix by 2030.
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