MNGL Announces CNG Price Hike to Rs.85/kg in Pune from July 10

MNGL Announces CNG Price Hike to Rs.85/kg in Pune from July 10

MNGL Announces CNG Price Hike to Rs.85/kg in Pune from July 10

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Maharashtra Natural Gas Limited (MNGL) has announced a price increase for Compressed Natural Gas (CNG) for vehicles in Pune, including Pimpri-Chinchwad and nearby areas like Chakan, Talegaon, and Hinjewadi. Starting from July 10th, 2024, the retail price of CNG will rise by ₹1.50 per kilogram (including taxes), setting the new price at ₹85.0 per kilogram.

MNGL attributes this hike to rising input costs of natural gas. “Due to increased consumption of CNG and a shortfall in domestic natural gas allocation, we are sourcing additional market-priced gas, including higher-priced imported gas, which has escalated our input costs,” an MNGL spokesperson explained.

Despite this increase, MNGL assures that CNG remains a cost-effective option, offering savings of around 50% compared to petrol and about 28% compared to diesel for passenger cars, and around 29% for auto-rickshaws in Pune.

MNGL also confirmed that there will be no change in the prices of Domestic Piped Natural Gas (PNG).