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CNG price hike: Mahanagar Gas increases rates by Rs 2 per kg, domestic PNG by Rs 1/SCM

Mahanagar Gas announced price increases for CNG and domestic piped natural gas. CNG prices rose by Rs 2 per kg and PNG by Rs 1 per SCM. These revisions are attributed to escalating input gas costs from Middle East tensions. The company stated this hike will partially offset rising expenses…

The Economic Times · Aug 31

Mumbai CNG gets Rs 2/kg costlier from Saturday; piped cooking gas rates also raised

Mahanagar Gas Ltd (MGL) has increased CNG prices by Rs 2 per kg and piped cooking gas by 50 paise per unit across the Mumbai Metropolitan Region. This hike, attributed to rising gas procurement costs, impacts millions of households and public transport users, intensifying demands for auto and taxi fare…

The Economic Times · May 30

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times · May 18