Mahanagar Gas to increase CNG prices by 2.57 pc

MUMBAI: Mahanagar Gas Ltd (MGL), the company that provides piped gas to households and compressed natural gas (CNG) to automobiles in the city, said today it will hike prices from midnight tonight by 2.57 per cent due to higher input costs.

"Due to increase in overall input costs, MGL is constrained to increase the price of CNG by Rs 0.85 per kg in Mumbai, a marginal increase of about 2.57 per cent, effective from midnight of October 31," the company said in a statement issued here.

The revised rate for 1 kg compressed natural gas (CNG) in the city will be Rs 33.95.

"Even after the revision, MGL's CNG remains attractive and offers savings of about 69 per cent and 42 per cent compared to current petrol and diesel prices in the city, respectively," the statement added.