State-run gas distributor Mahanagar Gas Limited (MGL) has increased compressed natural gas (CNG) prices by Rs 2 per kg in the Mumbai Metropolitan Region (MMR). This hike brings the retail rate of CNG to Rs 84 per kg in Mumbai, Thane, Navi Mumbai, and other MMR areas immediately. Previously, CNG was priced at Rs 82 per kg, with the latest adjustment attributed to rising input costs and market conditions.
Reports indicate that following the price increase, auto-rickshaw unions have called for fare revisions due to the impact of fuel price hikes on drivers’ earnings. The unions are advocating for at least a Re 1 increase in the base fare for auto-rickshaws and are urging prompt action from authorities. They highlight the challenges faced by drivers in operating vehicles under the current fare structure, citing escalating operating costs.
The recent price revision is expected to affect daily commuters in the Mumbai Metropolitan Region, where CNG is a primary fuel for auto-rickshaws, taxis, and public transport. Earlier this month, the government assured sufficient stocks of petroleum products and stable LPG supplies for domestic cooking. Mahanagar Gas Limited’s shares traded nearly 3% higher on Thursday morning, reaching an intraday high of Rs 1,072 on the BSE. The company’s stock has fluctuated between a 52-week high of Rs 1,586 and a low of Rs 902 on the exchange. The company reported a net profit of Rs 130 crore for the fourth quarter of FY26, with revenue at Rs 2,052 crore.
