(ET)
Citing a steep hike of 110 per cent in the cost of natural gas supplies, city gas distributor MGL on Friday increased the retail price of automobile fuel CNG by Rs 4 per kg but left the rate of cooking gas unchanged. This is the third hike in the price of Compressed Natural Gas (CNG) since April 6.
MGL said CNG will now cost Rs 76 a kg in and around Mumbai effective from this midnight. However, there will be no increase in the domestic PNG price.
With the latest increase, CNG prices are up by Rs 16 per kg since they came down by Rs 6 a kg between April 1 and 5. The rates were reduced after the state government had cut the VAT (Value Added Tax) to 3 per cent from 13.5 per cent.
