Mumbai: CNG price hiked by Rs 2 per kg, second increase in two weeks

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...

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