In view of increase of MGL’s overall costs over the last two years, MGL is constrained to increase the price of CNG effective from night of 17th February, 2012 / morning of 18th February, 2012 as follows:
In the face of rising overall costs, after almost two years without any price increase, MGL is constrained to increase the CNG price marginally by about 5%.
Revised rates for Compressed Natural Gas (CNG) – Inclusive of Octroi / CessArea | Price (Rs./kg) |
|---|
Mumbai | 33.10 |
Thane | 34.05 |
Mira Road-Bhayander | 33.33 |
Navi Mumbai | 33.41 |
Even after the above revision, MGL’s CNG remains a very attractive customer proposition and costs only about 33% and 66% as compared to petrol and diesel respectively at current petrol and diesel prices in Mumbai.