The CNG rate in Mumbais metropolitan area has been increased by around Rs 16 in 11 months. This is the fourth price hike for the essential item in the last three months. For piped gas, the revised prices are Rs 63.
Mumbai (India): Since Saturday morning, CNG will cost Rs 2 more per kg, including taxes, while piped cooking gas will cost Rs 1.50 per unit.For piped gas, the revised prices are Rs 63.50 per kilogram and Rs 38 per unit.The CNG rate in Mumbai's metropolitan area has been increased by around Rs 16 in 11 months, putting over 8 lakh motorists at risk, including over 3 lakh private vehicle users, apart from public transportation modes like cars, taxis, and buses.This is the fourth price hike for the essential item in the last three months.Thampy Kurien, the head of the Mumbai Rickshawmens Union, said the fare hikes made earlier this year were due to the CNG price being below Rs 50, but now it has risen to Rs 60, lowering the drivers' earnings.Many drivers in Mumbai, according to A L Quadros, want to convert to electric cars in the near future due to the large fuel price increases in 2021.To lower costs, many aggregator cab drivers had switched to CNG, but the increases are affecting their profits as well.According to sources, they are likely to demand a reduction in fares, which would have an effect on riders. Since international natural gas prices have soared dramatically, we are compelled to raise prices of CNG and piped gas in Mumbai.At current price levels in Mumbai, she noted that even after the price increase, CNG provides attractive savings of about 60% and 33 percent over petrol and diesel, respectively.The gasoline price is set at Rs 109.98 per litre, while diesel costs Rs 94.14 per litre.Domestic piped gas also saves 24% compared to the standard domestic LPG cylinder price, which is about Rs 900 per cylinder in Mumbai.