MGL Cuts CNG Price by Rs 2.5 to Rs 73.50 - Mumbai Gas News
By Rediff Money Desk, MUMBAI Mar 05, 2024 22:31
Mahanagar Gas (MGL) has reduced CNG prices by Rs 2.5 per kg to Rs 73.50, effective from midnight of March 5. The reduction aims to boost CNG usage and promote cleaner transportation.
![MGL Cuts CNG Price by Rs 2.5 to Rs 73.50 - Mumbai Gas News](https://im.rediff.com/money/2021/apr/22gas.jpg)
Mumbai, Mar 5 (PTI) State-run Mahanagar Gas (MGL)) on Tuesday cut prices of compressed natural gas by Rs 2.5 per kg to Rs 73.50 per kg.
In a late evening statement, the company said the prices are being reduced from midnight of March 5 due to a dip in gas input costs.
The CNG price now offers savings of 53 per cent compared to petrol and 22 per cent compared to diesel at current price levels in the financial capital, the statement said.
The reduction in CNG price would help to increase the consumption of natural gas in the transportation segment, which is a step towards making India cleaner and greener, it added.
In a late evening statement, the company said the prices are being reduced from midnight of March 5 due to a dip in gas input costs.
The CNG price now offers savings of 53 per cent compared to petrol and 22 per cent compared to diesel at current price levels in the financial capital, the statement said.
The reduction in CNG price would help to increase the consumption of natural gas in the transportation segment, which is a step towards making India cleaner and greener, it added.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...