MGL passes on cuts in domestic natural gas prices to CGD customers

Mahanagar Gas Limited (MGL) has cut down prices for CNG supplied to vehicles by Rs 2.04 per kg and for domestic PNG by Rs 1.19 per standard cubic metre (scm) in and around Mumbai, effective October 3, 2019, following a drop in the price of domestically produced gas. Accordingly, revised delivered prices of CNG and PNG inclusive of all taxes will be Rs 49.95 per kg and Rs 30.60 per scm (Slab 1) and Rs 36.20 per scm (Slab 2) respectively. On September 30, 2019, the government announced a 12.5 per cent reduction in the domestic natural gas price to $3.23 per million British thermal units (mmBtu) from $3.69 per mmBtu (on a gross calorific value basis).