1 day ago
CNG Prices Rise Rs 2 per Kilogram in Pune
CNG will become more expensive in Pune and nearby areas from September 1.
The price will increase by Rs 2 for every kilogram.
The new price will be Rs 97.75 per kilogram, including taxes.
Maharashtra Natural Gas Limited announced the change.
The company said problems in West Asia have affected LNG ships.
Some ships have had trouble moving through the Strait of Hormuz.
This has made LNG prices nearly twice as high as before the crisis.
Europe is also storing more gas before winter, increasing pressure on supplies.
CNG prices in Pune, Pimpri-Chinchwad and nearby areas will rise by Rs 2 per kg from September 1.
The new price will be Rs 97.75 per kg, including all taxes.
Maharashtra Natural Gas Limited attributed the increase to renewed tensions in West Asia.
The company said LNG cargo movement through the Strait of Hormuz has been disrupted since July.
MNGL said global LNG prices have nearly doubled, while Europe’s winter stockpiling has increased pressure on supplies.
- Who
- Maharashtra Natural Gas Limited announced the price increase.
- What
- CNG prices will increase by Rs 2 per kg to Rs 97.75 per kg, including taxes.
- Where
- Pune, Pimpri-Chinchwad and neighbouring areas; the reported shipping disruption involves the Strait of Hormuz.
- When
- The new price takes effect from September 1; the company said the disruption has continued since July.
- Why
- Maharashtra Natural Gas Limited cited renewed tensions in West Asia, disrupted LNG cargo movements and increased European gas stockpiling ahead of winter.
Key facts
- New CNG price
- Rs 97.75 per kg
- Price increase
- Rs 2 per kg
- Effective date
- September 1
- Affected areas
- Pune, Pimpri-Chinchwad and neighbouring areas
- Announcing company
- Maharashtra Natural Gas Limited (MNGL)
- Reported LNG price change
- Global LNG prices have risen to nearly twice their pre-crisis levels
- Shipping route
- Strait of Hormuz
- Additional supply pressure
- Europe is building gas stocks ahead of winter
Sources
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