Mahanagar Gas Ltd (MGL) has announced a significant increase in the prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) across Mumbai, effective from midnight on August 31, 2026, or the morning of September 1, 2026.
Revised CNG and PNG Rates in Mumbai
- The price of CNG in Mumbai and surrounding areas will rise by ₹2 per kilogram (kg), bringing the new rate to ₹88 per kg.
- Domestic PNG will see an increase of ₹1 per standard cubic metre (SCM).
Why Are MGL Gas Prices Rising?
MGL attributed these price adjustments to several factors, primarily the escalating cost of sourcing gas. The company highlighted a substantial increase in demand for CNG, much of which is now being met through imported spot Regasified Liquefied Natural Gas (RLNG).
Furthermore, the ongoing crisis in West Asia has contributed to a surge in input gas prices, which are closely linked to international indices. This global geopolitical situation has directly impacted MGL's cost of procuring gas, forcing the company to acquire gas at higher spot RLNG rates to meet the growing CNG demand.
"The increase in input costs has significantly affected the overall cost of gas supplied by MGL," the company stated, explaining that the ₹2 per kg increase for CNG would partially offset these higher costs and help ensure a continuous and stable supply of CNG to consumers.
MGL's Commitment to Consumers
Despite the necessary price hikes, MGL reiterated its commitment to providing affordable and environmentally friendly energy solutions. The company affirmed its ongoing efforts to explore cost optimisation strategies and pass on any potential benefits to its consumers in the future.