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Mahanagar Gas Slashes CNG Prices In Maharashtra

Mahanagar Gas announced a revision of CNG prices in Mumbai and adjoining areas reducing the rate by Rs. 6 per kg with effect from April 1. CNG prices now stand at Rs. 60 per kg in the financial capital, which makes it lower than that seen in Delhi. Prices for CNG in Delhi were recently hiked by up to Rs. 3.5 per kg in recent weeks. CNG currently retails at ₹ 64.11 per kg in the national capital. As per reports, the reduction in pricing came courtesy of a revision in VAT on the fuel at the state level. The VAT levied on CNG at the state level has been reduced to 3 per cent as against the previous rate of 13.5 per cent.

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