Residents of Mumbai and its neighbouring cities have received a welcome relief as Mahanagar Gas Limited (MGL), a public sector entity, announced a reduction in the price of Compressed Natural Gas (CNG). The price of CNG has been slashed by Rs 2.5 per kilogram, bringing it down to Rs 73.50 per kilogram.
The decision to reduce prices comes as a result of the decrease in the production cost of gas, as stated in a late-night announcement issued by the company on Tuesday. The price reduction has come into effect from midnight of March 5, benefiting consumers in the region.
In a parallel development, Petroleum Minister Hardeep Singh Puri inaugurated 201 CNG stations across 17 states on Tuesday, signalling a significant expansion in the availability of CNG infrastructure. These CNG stations have been established by 15 City Gas Distribution (CGD) units of the GAIL Group, covering 52 Geographical Areas (GAs) in the country. Additionally, GAIL has set up the country’s first small-scale LNG unit at Vijaypur LPG Plant in Madhya Pradesh.
Of the 15 city gas distribution units, GAIL Gas Ltd. operates 53 CNG stations, while 50 are operated by Indraprastha Gas Ltd., 43 by GAIL, and 20 by Mahanagar Gas Ltd.
In another notable development, Kalpataru Projects International Limited (KPIL) announced that it has secured a contract from Saudi Arabian company Aramco to lay an 800-kilometre-long gas pipeline. KPIL received a letter of intent (LoI) from Aramco to undertake engineering, procurement, and construction work for three segments of the third phase of the Master Gas System Network (MGS-3) in Saudi Arabia.
Efforts to reduce CNG prices highlight the growing importance of clean energy sources like natural gas and the expansion of infrastructure to support their usage. The reduction in CNG prices and the expansion of CNG stations will provide a significant boost to consumers and promote the adoption of cleaner fuels in the region.
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