 "Mahanagar Gas hikes CNG prices by Re 1 to Rs 48.95/kg due to lower sales")
State-run city gas utility Mahanagar Gas on Saturday announced a marginal Re 1 per kg increase in the price of compressed natural gas (CNG) to Rs 48.95 per kg.
"To partially recover fixed costs in the face of lower sales due to the pandemic, and higher landing cost of gas due to the depreciation of the rupee against the dollar, we are constrained to increase the selling of CNG by Re 1 effective today, MGL said in a statement.
Accordingly, revised selling price inclusive of all taxes in and around Mumbai will be Rs 48.95/kg, it added.
Even after the above revision, CNG offers attractive savings of about 60 per cent and 39 per cent compared to petrol and diesel, respectively, at the current price levels in the megapolis, it said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app