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Mahanagar Gas cuts CNG, PNG prices

11:00 PM Oct 06, 2020 | PTI

Mahanagar Gas on Tuesday revised down the retail prices of CNG and PNG with immediate effect.

While the price of compressed natural gas is cut by Rs 1.05/kg, the same on domestic piped natural gas (PNG) is down by Rs 0.70/SCM (standard cubic meter) in and around Mumbai, the state-run utility said in a statement.

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The company said the price cut is consequent to the reduction in the price of domestically produced natural gas by the government.

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Accordingly, the revised delivered prices inclusive of all taxes of CNG and domestic PNG in and around Mumbai will be Rs 47.90/kg and Rs 28.90/SCM for Slab 1 customers) and Rs 34.50/SCM for Slab 2 customers, respectively, Mahanagar Gas said.

At this price, CNG helps customers save about 62 per cent and 38 per cent over petrol and diesel, respectively.

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