Given the large improve in provide aspect value, the corporate is constrained to extend the bottom value of CNG by Rs 20/kg and home PNG by Rs 2/SCM in and round Mumbai, MGL stated in a press release.
Noting that the re-gasified liquefied pure fuel value can also be at a historic excessive now, MGL stated these combos have resulted in a major improve in the price of fuel being procured by it.
This has compelled the agency to move on the worth revision on a progressive method as the speed hike from the provision aspect is just too massive to be handed on at one go, it added.
Accordingly, the revised delivered value inclusive of all taxes of CNG and home PNG in and round Mumbai will probably be Rs 54.57/kg and Rs 32.67/SCM for Slab 1 clients and and Rs 38.27/SCM for Slab 2 clients, respectively.
Even on the new costs, CNG is cheaper by 65 per cent in comparison with petrol and 44 per cent within the case of diesel. Home PNG is cheaper by 34 per cent as in opposition to LPG.
On October 1, the Centre elevated the worth for domestically produced pure fuel from fields to $2.90 per million British thermal unit and for fuel produced from troublesome fields resembling deepsea to $6.13 per mmBtu.