Mahanagar Gas (MGL), a state-run entity, announced a reduction in the prices of compressed natural gas (CNG) by Rs 2.5 per kg, bringing it down to Rs 73.50 per kg.
The company released a statement late in the evening, indicating that the price cut would come into effect from midnight on March 5. This adjustment is attributed to a decrease in the input costs of gas.
According to the statement, the revised CNG price now presents a 53% saving compared to petrol and a 22% saving compared to diesel at current price levels in the financial capital.
The reduction in CNG prices is expected to stimulate higher consumption of natural gas in the transportation sector, aligning with efforts to promote cleaner and greener energy in India.
