Mahanagar Gas Limited (MGL) on October 1 announced reduction in the retail price of compressed natural gas (CNG) by Rs 3 per kg and domestic PNG (piped natural gas) by Rs 2 per SCM in and around Mumbai.
"MGL is pleased to announce reduction in CNG price by Rs 3/Kg and Domestic PNG (DPNG) by Rs 2/ SCM in and around Mumbai. The revised MRP of CNG will be Rs 76.00/Kg and Domestic PNG Rs 47.00/SCM effective from midnight of 1st October 2023/ morning of 2nd October 2023," a statement from the gas distributor read.
"MGL welcomes the reduction in price of domestically produced High Pressure High Temperature (HPHT) Natural Gas by GOI. This reduction will further promote usage of Natural Gas in general and will contribute to increase in consumption of natural gas in domestic and transportation segment in particular," Mahanagar Gas Limited also stated in its press release.
"MGL has always been a customer friendly company, consistently and promptly passing reduction in gas costs to its consumers to promote usage of Natural Gas," MGL further said.
The revised retail price of CNG will be Rs 76/kg and that of domestic PNG Rs 47/SCM effective from midnight of October 1.
In April this year, MGL reduced its CNG price by Rs 8/kg and domestic PNG by Rs 5/SCM.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.