MGL raises CNG prices by Rs 2 per kg across Mumbai region
Mumbai, May 14
State-run gas distributor Mahanagar Gas Limited has hiked compressed natural gas prices across the Mumbai Metropolitan Region, raising retail rates by Rs 2 per kg.
Following the latest revision, CNG will now cost Rs 84 per kg across Mumbai, Thane, Navi Mumbai and other parts of the MMR with immediate effect.
The fuel was previously priced at Rs 82 per kg. The latest hike comes amid rising input costs and prevailing market conditions.
Reports claim that soon after the increase in CNG prices, auto-rickshaw unions demanded a revision in fares, arguing that repeated fuel price hikes were adversely impacting drivers' earnings.
Union representatives have sought at least a Re 1 increase in the base fare for auto-rickshaws and urged the authorities to take a decision at the earliest.
According to the unions, the continued rise in operating costs has made it increasingly difficult for drivers to operate vehicles under the existing fare structure.
The latest price revision is expected to impact daily commuters across the Mumbai Metropolitan Region, where CNG remains one of the primary fuels used by auto-rickshaws, taxis and public transport vehicles.
Earlier this month, the government said the country has adequate stocks of petroleum products and that LPG supplies for domestic cooking remain stable.
Meanwhile, shares of Mahanagar Gas Limited traded nearly 3 per cent higher in morning trade on Thursday, touching an intraday high of Rs 1,072 on the BSE. The stock has touched a 52-week high of Rs 1,586 and a 52-week low of Rs 902 on the exchange.
The company reported a net profit of Rs 130 crore for the fourth quarter of FY26, while revenue stood at Rs 2,052 crore.
— IANS
Reader Comments
As a daily auto user in Thane, this is frustrating. Rs 84 per kg is steep! But I understand it's due to global input costs. Hope the auto unions get a fare revision soon, otherwise drivers will suffer. Still, MGL should think about the common man.
Aur kitna badhega? 😤 Last year it was around Rs 72, now Rs 84. Every month some hike! Meanwhile, MGL shares are up 3% today—great for investors, but painful for us. Unless fares are revised, autos will become unaffordable for middle-class commuters.
Finally the auto unions are demanding fare revision—it's long overdue. Drivers have been bearing the brunt for months. But the government should also step in to stabilize CNG prices. Inflation is hitting everyone, and public transport is the backbone of Mumbai.
I'm new to Mumbai and rely on autos daily. This is concerning. In my home country, fuel prices are also volatile, but here the impact on daily life seems more direct. Hope the authorities find a balanced solution—affordable fares for us and fair earnings for drivers.
Honestly, MGL's profit of Rs 130 crore while hiking prices shows they care more about margins than people. Yes, input costs rise, but why not absorb some impact? They're a state-run firm! And the government's assurance about LPG stability is cold comfort.
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