Mahanagar Gas Ltd revises CNG and PNG price

To meet the increasing volume of CNG and Domestic PNG segments & due to further shortfall in domestic gas allocation, Mahanagar Gas Limited (MGL) is sourcing additional market priced natural gas (imported RLNG) which has resulted in higher gas cost.

To partially offset the increase in gas cost, MGL is constrained to increase the delivered price of CNG by Rs 1.50/Kg and Domestic PNG by Rs 1.00/SCM in and around Mumbai, with effect from midnight of July 08, 2024/ morning of July 09, 2024.

Accordingly, the revised delivered prices inclusive of all taxes of CNG will be Rs 75.00/Kg and Domestic PNG Price will be Rs 48.00/SCM in and around Mumbai.

Even after the above revision, MGL's CNG offers attractive savings of about 50% and 17% as compared to petrol and diesel respectively at current price levels in Mumbai, while MGL's Domestic PNG continues delivering unmatched convenience, safety, reliability and environmental friendliness to consumers.

Even after the minor increase, MGL's price of CNG & DPNG are amongst the lowest in the country.

All our valued customers may please take note of these revisions.

Shares of Mahanagar Gas Limited was last trading in BSE at Rs. 1669.10 as compared to the previous close of Rs. 1698.70. The total number of shares traded during the day was 13713 in over 1547 trades.

The stock hit an intraday high of Rs. 1709.35 and intraday low of 1642.65. The net turnover during the day was Rs. 22880355.00.

Source : Equity Bulls

Keywords

MahanagarGas INE002S01010 MGL PriceRevision CNG PNG