MGL revises CNG and PNG price
Accordingly, the revised delivered prices inclusive of all taxes of CNG will be Rs 75.00/Kg and Domestic PNG Price will be Rs 48.00/SCM in and around Mumbai.
To meet the increasing volume of CNG and Domestic PNG segments & due to further shortfall in domestic gas allocation, MGL is sourcing additional market priced natural gas (imported RLNG) which has resulted in higher gas cost.
To partially offset the increase in gas cost, MGL is constrained to increase the delivered price of CNG by Rs 1.50/Kg and Domestic PNG by Rs 1.00/SCM in and around Mumbai, with effect from midnight of July 08, 2024/ morning of July 09, 2024.
Read Also : REC Limited disburses Rs 90,955 crore loan in H1 FY25; Green loans up by 92.68% to Rs 11,297 croreAccordingly, the revised delivered prices inclusive of all taxes of CNG will be Rs 75.00/Kg and Domestic PNG Price will be Rs 48.00/SCM in and around Mumbai.
Read Also : MRPL Awarded for Corporate Environment ExcellenceEven after the above revision, MGL's CNG offers attractive savings of about 50% and 17% as compared to petrol and diesel respectively at current price levels in Mumbai, while MGL's Domestic PNG continues delivering unmatched convenience, safety, reliability and environmental friendliness to consumers.
Even after the minor increase, MGL's price of CNG & DPNG are amongst the lowest in the country.
News Must Read
- MRPL Awarded for Corporate Environment Excellence
- S. Jaishankar to Attend SCO Summit in Pakistan, first Visit by an Indian Foreign Minister
- GAIL and AM Green sign MoU for jointly developing renewable energy up to 2.5 GW
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management