Amidst the rising costs of petroleum merchandise, there was aid for Mumbai residents. Town fuel utility Mahanagar Gasoline has slashed the retail worth of CNG by ₹6 per Kg and piped pure fuel (PNG) by ₹3.50 per scm from April 1 onwards.
With this, the retail worth of Compressed Pure fuel (CNG) has been decreased to ₹60 per kg and home PNG to ₹36 per scm in and round Mumbai from Friday.
In a press release, the MGL stated that consequent to the discount in VAT on pure fuel from 13.5% to three% from April 1 by the Maharashtra authorities, the corporate has determined to go on the profit to customers.
In the meantime, the Centre has greater than doubled the worth of domestically produced pure fuel for the six months starting April 1 on the again of a spike in world power charges on Thursday, March 31.
In line with a notification by the oil ministry’s Petroleum Planning and Evaluation Cell, the worth of fuel from regulated fields of state-owned ONGC and Oil India will rise to a report $6.10 per million British thermal items (mmBtu) from $2.90 per mmBtu now.
On March 22, Indraprastha Gasoline Ltd (IGL) raised costs of each CNG and PNG within the Delhi-NCR.Within the nationwide capital, the CNG costs have been hiked by Re 1 per Kg to ₹59.01 per kg and the PNG charges have been shot up by ₹36.61 per scm. It was the third improve within the CNG worth in a month. In addition to, the PNG costs have been elevated to ₹35.86 per scm in Noida, Better Noida, and Ghaziabad.
Supply: Live Mint