CNG and PNG prices marginally raised by MNGL   

Rujuta Parekh 
Friday, 6 October 2017

Pune: Following the increase in the price of natural gas announced by the Ministry of Petroleum and Natural Gas earlier this month, the State-owned gas company, Maharashtra Natural Gas Limited (MNGL) has also revised the prices for compressed natural gas (CNG) and piped natural gas (PNG). 

However, the prices have risen only marginally despite the steep price hike in natural gas announced by the government. According to Managing Director of MNGL AM Tambekar, the prices of CNG and PNG have gone up by Re 1 each. 

Pune: Following the increase in the price of natural gas announced by the Ministry of Petroleum and Natural Gas earlier this month, the State-owned gas company, Maharashtra Natural Gas Limited (MNGL) has also revised the prices for compressed natural gas (CNG) and piped natural gas (PNG). 

However, the prices have risen only marginally despite the steep price hike in natural gas announced by the government. According to Managing Director of MNGL AM Tambekar, the prices of CNG and PNG have gone up by Re 1 each. 

Speaking to Sakal Times, Tambekar said, “The government revises the price of Natural Gas once every six months, on March 1 and October 1. In the recent price revision, the government hiked the price of Natural Gas by 16 per cent to USD 2.89 per one million British Thermal Units (MmBTU). In line with the price hike, we have marginally increased the price of CNG from 46.50 per litre to 47.50 per litre and that of PNG from Rs 23 to Rs 24.” 

According to him, MNGL does not want to put the burden of the rise in the price of natural gas on the consumers and has thus decided on raising the prices only slightly. “We will be able to absorb shocks if the volume of sales goes up. The government is any way pushing for domestic PNG connections in the city setups in order to ensure that LPG cylinders reach the rural areas. This could drive the PNG volume up for us,” he added.  
 

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