CNG price reduced before the budget, know how much the price decreased?

CNG Latest Price : Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023 for the financial year 2023-24 in Parliament at 11 am on February 1, but before the presentation of the General Budget (Budget 2023) Mumbai and Common people have got relief from the prices of CNG in the surrounding areas. An official of Mahanagar Gas Limited (MGL) told that for Mumbai and surrounding areas compressed natural gas (CNG) price has been cut by Rs 2.5 per kg. Accordingly, the revised prices of CNG used in vehicles in Mumbai will now come down from Rs 89.50 per kg to Rs 87 per kg. The latest rates of CNG have come into effect from the midnight of 1st February.

The price of Compressed Natural Gas (CNG) has been reduced by Rs 2.50 per kg from Wednesday, February 1, giving a significant saving to over 3 lakh private car owners and those plying autos, taxis, buses and other vehicles on CNG in the Mumbai Metropolitan Region. Will get relief. The revised MRP of CNG inclusive of all taxes will be Rs 87 per kg in Mumbai and surrounding areas.

retail price of cng

A senior official of Mahanagar Gas Limited (MGL) said that due to increase in allocation of domestically produced natural gas and reduction in input gas cost, MGL is reducing the retail price of CNG at the pumps from Wednesday. However, the price of piped natural gas will remain unchanged at Rs 54 per unit for each household with piped cooking gas connection. MGL supplies piped gas to more than 19 lakh households in Mumbai, Thane, Navi Mumbai, Mira-Bhayander and its surrounding areas.

felt the pain of rising rates

When it comes to CNG, there are more than 3 lakh private car owners, who in the past switched to the cleaner fuel for its lower operation and fuel cost as compared to petrol and diesel. But in the last year and a half, he felt the pain of rising CNG rates. There was an increase of about Rs 35 per kg during this period. The price of CNG had touched an all-time high of Rs 89.50 per kg, due to which auto and taxi fares were hiked in MMR from October 1 last year.

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Know what is the price of petrol and diesel?

Auto union leader Thampi Kurian said that more than 5 lakh public transport including autos, taxis and buses depend on CNG daily. The current decision to reduce CNG rates is welcome as it will bring a lot of relief to our auto and taxi drivers. An MGL official said that the revised retail rate of CNG offers attractive savings of about 44% as compared to petrol at the current price level in Mumbai while providing unmatched convenience, safety, reliability and environment-friendliness to the consumers. The current retail price of petrol in Mumbai is Rs 106.31 per liter while that of diesel at the pumps is Rs 94.27 per litre.