Mumbai Hit by Fuel Price Hikes! CNG & PNG Rates Up, Taxi Fares to Follow!
Mumbai Hit by Fuel Price Hikes! CNG & PNG Rates Up, Taxi Fares to Follow!
Brace yourselves, Mumbai! Mahanagar Gas (MGL) has hiked CNG and PNG prices. Find out how this affects your commute and household budget starting September 1st.
Mumbai commuters and households are bracing for higher expenses as Mahanagar Gas (MGL) has announced a significant price hike for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), effective September 1st. This move comes as input gas prices continue to soar due to increased demand and global market fluctuations.
The price of CNG will jump by ₹2 per kilogram, bringing the revised rate to ₹88 per kg across Mumbai and its surrounding areas.
Simultaneously, domestic Piped Natural Gas (PNG) will see an increase of ₹1 per standard cubic metre (SCM).
MGL attributed the price adjustments to a surge in demand for CNG, which is now largely being met through more expensive imported spot regasified liquefied natural gas (RLNG). The ongoing crisis in West Asia has further exacerbated the situation, pushing up international gas prices linked to global indices and significantly increasing MGL's cost of sourcing gas.
The company stated that this increase is necessary to partially offset the higher input costs and ensure a continuous and sustained supply of CNG.
In a related development, the Mumbai Metropolitan Region Transport Authority (MMRTA) has also approved fare increases for taxis and auto-rickshaws, effective from Tuesday. Auto-rickshaw fares will go up by ₹1, while black-and-yellow taxi fares will see a ₹2 hike.
This increase directly correlates with the rising fuel costs, putting further strain on daily commuting budgets for Mumbaikars.
MGL affirmed its commitment to providing affordable and eco-friendly energy solutions, adding that it is actively exploring methods to optimize costs and pass on benefits to consumers where possible.
