Mahanagar Gas Limited increased CNG prices by Rs 2 per kilogram to Rs 86 per kilogram effective midnight May 29, 2024 [1].
The price hike affects a significant portion of the region's transport infrastructure, impacting commuters and commercial vehicle operators who rely on compressed natural gas for daily transit.
The new rates apply across the Mumbai Metropolitan Region, including Mumbai, Thane, Navi Mumbai, Mira-Bhayander, and adjoining areas [2]. This adjustment brings the cost of the fuel to Rs 86 per kilogram [3].
This is the second price increase within a two-week window. A previous rate hike occurred on May 14, 2024 [4]. The frequency of these adjustments suggests a volatile pricing environment for fuel in the region.
Consumers in the Mumbai Metropolitan Region now face higher operational costs for CNG-powered vehicles. The transition to the new pricing took effect between May 29 and May 30, 2024 [4].
“CNG price increased by Rs 2 per kilogram to Rs 86 per kilogram”
The rapid succession of two price hikes within 15 days indicates a period of instability or upward pressure on fuel costs for the Mumbai Metropolitan Region. Because CNG is a primary fuel source for auto-rickshaws and public transport, these increases may lead to higher fares for commuters or reduced margins for transport operators.
