The price of Compressed Natural Gas in Mumbai and its adjoining areas was increased by Rs 2 per kg by Mahanagar Gas Limited, Moneycontrol reported on Saturday.This marks the second hike in two weeks amid the war in West Asia.The gas now costs Rs 86 per kg in Mumbai, Thane, Navi Mumbai and the other areas of the metropolitan region. The hike took effect from midnight on Saturday, The Indian Express reported.Mahanagar Gas Limited, which distributes Compressed Natural Gas in parts of Maharashtra, had last raised prices by Rs 2 per kg on May 14.The increase in the rates of Compressed Natural Gas came four days after on Monday, the prices of petrol and diesel were also increased for the fourth time in two weeks. The rates went up by an average of Rs 2.8 per litre across the country.With this, the price of petrol in Mumbai reached Rs 111.2 per litre and diesel went up to Rs 97.8 per litre.This was the fourth increase in the prices of retail fuel within two weeks. The prices of petrol and diesel have risen by nearly Rs 7.5 per litre since May 15 when the first round of revision took place.The increase in prices have come following weeks of elevated crude oil and gas prices because of the supply disruption caused by the conflict.The benchmark Brent crude was trading at about $91.1 a barrel on Friday on hopes of a possible agreement between the United States and Iran.Centre asks fuel companies to maintain 30-day LPG reservesOn Friday, the Union government said that it had directed state-run fuel retailers to significantly enhance liquefied petroleum gas storage infrastructure and maintain reserves sufficient to meet at least 30 days of demand amid the supply disruption.“We are working on the strategic reserves,” Sujata Sharma, joint secretary in the petroleum ministry, said. “Oil marketing companies have been asked to work out [a plan] to have LPG reserves for a minimum of 30 days with them, and they are working on it.”India imports 88% of its crude oil needs and about half of its natural gas requirement. This mostly comes through the Strait of Hormuz, which has been effectively blocked due to the conflict in West Asia.Edited by Nachiket Deuskar.
Mumbai: CNG price hiked by Rs 2 per kg, second increase in two weeks
Compressed Natural Gas will cost Rs 86 per kg in Mumbai, Thane, Navi Mumbai and other areas of the metropolitan region.












