CNG, PNG prices in Mumbai increased from October 4. Check latest rates

The government usually revises the gas prices twice in a year, from April 1 to September 30 and from October 1 to March 31. According to report, the price for October 1 to March 31 is based on the average price from July 2021 to June 2022.

Published on: Oct 4, 2022, 13:08:10 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The Mahanagar Gas Limited on Monday hiked the price of compressed natural gas (CNG) by ₹6 per kg. With the revised rates, the CNG prices have risen to ₹86 per kilogram in Mumbai and adjoining areas, Hindustan Times' business website Livemint reported.

The Mahanagar gas has also issued a notification of an increase in piped natural gas (PNG) prices by ₹4 per standard cubic metre. As a result, the PNG prices have increased to ₹52.50 per standard cubic metre. The vehicle owners will now have to pay an increased CNG and PNG prices in Mumbai from today i.e October 4.

The Mahanagar Gas Limited has cited a 40 per cent increase in the input prices by the government from October 1 for the hike in the retail price. The government usually revises the gas prices twice in a year, from April 1 to September 30 and from October 1 to March 31. According to report, the price for October 1 to March 31 is based on the average price from July 2021 to June 2022.

On September 30, the ministry of petroleum and natural gas' pricing and analysis cell had announced the new prices for the next six months. The domestically produced gas prices were hiked by 40 per cent. On April 1, it had been increased by 110 per cent, citing international price surge.

As a result, the price savings between CNG and petrol is now 45 per cent, while that of PNG and LPG is down to 11 per cent.

The Mahanagar Gas Limited said the government reduced the allocation of gas to the company by ten per cent. As a result, it is now required to source at a substantially higher cost from the market.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator