This is the second adjustment since the Center increased the cost of domestically produced gas supplied through an administered price mechanism (APM) by 40% for the second half of the fiscal year in October. This increase followed a 110 percent increase in the first half of April.
According to MGL, APM’s gas supply has been reduced by 10%, forcing the company to buy fuel from external sources at a significantly higher price because gas demand has not yet abated.
Even at the revised price, according to MGL, CNG is still 42% less expensive than petrol in the metropolis, while PNG is about 8% less expensive than existing LPG.
In and around Mumbai, MGL provides gas service to 1.98 million households, 4,067 small businesses and 360 industrial facilities.
In addition, the organization provides CNG to automobiles in Mumbai, Thane, Mira-Bhayander, Navi Mumbai and other areas. There are 296 CNG filling stations in Mumbai, Greater Mumbai, Thane, Navi Mumbai and Panvel.
