CNG prices in Mumbai and several other cities have been hiked by Rs 2 per kg, according to city gas firms.
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Which Cities Are Affected By The Price Hike?
Gas prices were hiked in Noida, Greater Noida, Ghaziabad, Gurugram and other cities. Incidentally, Delhi was spared as it is a poll-bound city and goes to polls in a few weeks.
Mahanagar Gas Ltd (MGL), the city gas retailer in Mumbai hiked CNG prices in Mumbai and its adjoining areas by Rs 2 per kg, according to data on the company’s website.
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When Does The Price Hike Come Into Effect?
MGL and Adani Total Gas Ltd had kept retail prices unchanged for the last two months despite a 20% rise in input cost. But as soon as the Maharashtra assembly elections were concluded, MGL raised CNG prices by Rs 2 per kg to Rs 77 in Mumbai with effect from November 22.
Other gas retailers have also implemented CNG price hikes.
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The Difference Between Delhi and NCR
While CNG prices in Noida, Greater Noida and Ghaziabad have gone up by Rs 2 per kg to Rs 81.70, and to Rs 82.12 per kg in Gurugram, the CNG rates in Delhi remain unchanged at Rs 75.09 per kg, according to data on IGL’s website.
During Uttar Pradesh polls in 2022, IGL had revised prices in Delhi but had kept rates unchanged in the cities of the state.
According to industry sources, CNG prices in Delhi may be revised after the assembly elections due in January/February.
the gas companies did not reasons for the price hike but the hike was warranted according to sources, as the firms now have to buy expensive gas following two rounds of supply cut in regulated or APM gas.
Supplies of APM gas from domestic fields of ONGC have not kept pace with CNG demand and there have been supply-cuts twice since mid-September, forcing city-gas retailers to buy costlier non-APM gas or expensive LNG.
CNG rates also vary as per varying states and local taxes such as VAT.
(With PTI inputs)
