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.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in