Mahanagar Gas cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees

State-run gas utility Mahanagar Gas Ltd (MGL) has reduced prices for compressed natural gas (CNG) by six rupees per kg and domestic piped natural gas (PNG) by four rupees per standard cubic meter in and around Mumbai, effective Wednesday.

Reduction in prices have come after the Ministry of Petroleum and Natural Gas revised upwards the allocation of domestically produced natural gas to the city gas distribution company, MGL said.

"The revised price of CNG offers attractive savings of about 48% compared to petrol at current price level in Mumbai. MGL’s Domestic PNG offers around 18% saving as compared to current MRP of Domestic LPG while delivering unmatched convenience, safety, reliability and environmental friendliness to consumers," the company said.

MGL had in the first week of August, increased prices for CNG and PNG by a similar amount, which was the sixth hike since April this year.