CNG-PNG Price Hike: Inflation gave a shock, CNG 6 and PNG 4 costlier, check new prices

There has been an increase in the prices of CNG and piped cooking gas (PNG). Gas distribution company Mahanagar Gas Limited (MGL) in Mumbai has increased the prices of both CNG and PNG.

Oct 5, 2022 - 00:37
Oct 5, 2022 - 00:59
CNG-PNG Price Hike: Inflation gave a shock, CNG 6 and PNG 4 costlier, check new prices

In the midst of the festive season, the common man has suffered a major setback of inflation. With the increase in the price of CNG and PNG, now the weight on the pockets of the customers is going to increase. Mahanagar Gas Limited (MGL) in Mumbai has increased the price of CNG by Rs 6 per kg and increased the price of PNG by Rs 4 per unit (SCM). The new prices have come into effect from midnight today (Monday). It is believed that very soon the prices of CNG and PNG will increase in other states of the country as well.

The retail price of CNG has increased to Rs 86 per kg in Mumbai and adjoining areas. At the same time, the price of PNG has gone up to Rs 52.50 per SCM. The Petroleum Price and Analysis Cell on September 30 announced a 40% hike in the prices of domestically produced gas for the next six months from October 1.

The public sector company said the government has increased gas prices by 40 percent with effect from October 1. That's why they have to take this step. On September 30, the Petroleum Price and Analysis Cell increased the prices of domestically produced gas by 40 percent for the next six months from October 1.

After the increase in the price of CNG and PNG in Mumbai, now it is going to be affected in other states including the capital of the country. Indraprastha Gas Limited (IGL), a retailer of CNG and PNG in Delhi, is required to increase the price of CNG by Rs 8 per kg. It is believed that a decision can be taken on this soon.

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