New Delhi, April 4: The price of compressed natural gas (CNG) is hiked by Rs 1.51 per kg, while domestic piped natural gas (PNG) rates go up by Rs 1.88 per SCM in Mumbai. The increased prices will be applicable from today. The hike in CNG and PNG prices was announced by Mahanagar Gas on Wednesday. Following the increase, revised delivered prices inclusive of all taxes of CNG in and around Mumbai will be Rs 51.57 per kg.

"In view of an increase in MGL’s gas costs due to the recent increase in domestic natural gas price from USD 3.36 per MMBTU (GCV) to USD 3.69 per MMBTU (GCV), MGL is constrained to increase the basic price of CNG and PNG in and around Mumbai, effective from midnight of April 3 or early morning of April 04," the Mahanagar Gas Ltd said in a statement. CNG is mostly used by vehicles, while PNG is supplied to homes through pipes for domestic consumption. Auto Rickshaw, Cab Drivers Can Avoid Long Queues For CNG Thanks to Online Booking & SMS Service by Pumps.

According to the new rates, revised delivered prices inclusive of all taxes of CNG and PNG in and around Mumbai will be Rs 51.57 per kg and Rs 31.53 per SCM (slab 1) and Rs 37.13 per SCM (slab 2) respectively, in place of earlier Rs 49.61 per kg and Rs 29.40 per SCM (slab 1) and Rs 35 per SCM (slab 2), respectively. The company said the hike was a result of a recent increase in the natural gas prices between $3.36 and $3.69.

"This increase would have a marginal impact of Rs 0.06 per km and Rs 0.07 per km on the running costs of auto rickshaws and taxies, respectively," it, however, said. Despite the latest hike, the company said CNG continues to offer huge savings of 5per cent-3737 percent compared to petrol-diesel prices, respectively, at current prices in Mumbai besides being eco-friendly and reliable.

The Mahanagar Gas has over 10 lakh PNG consumers, and around 6.50 lakh CNG users in Mumbai, Thane and Raigad districts who will have to bear the additional burden due to the latest hike in prices.

(The above story first appeared on LatestLY on Apr 04, 2019 09:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).