Given the massive increase in supply-side cost, the company is constrained to increase the base price of CNG by Rs 20/kg and domestic PNG by Rs 2/SCM in and around Mumbai, MGL said in a statement.
Indraprastha Gas Limited (IGL) on Friday revised the compressed natural gas (CNG) and piped natural gas (PNG) prices in Delhi and adjacent cities of Noida, Greater Noida and Ghaziabad.
CNG price has been hiked in Delhi, Noida and Ghaziabad.
CNG and piped cooking gas price in the national capital and adjoining cities was on Saturday cut in sync with a reduction in natural gas prices.
Good news for Delhi-NCR residents as prices of CNG and piped cooking gas in the have been cut after a 12.5 per cent reduction in input natural gas rates. Compressed natural gas (CNG) sold to automobiles has been reduced by Rs 1.90 per kg in Delhi and by Rs 2.15 per kg in Noida.
Natural gas prices are set every six months based on average rates in gas-surplus nations like the US, Russia and Canada.
The increase was warranted "to offset the impact on its input costs as a result of recent appreciation of dollar vis-a-vis rupee and revision in proportions of domestic gas allocation," the statement said.
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