Mahanagar Gas Ltd (MGL) has revised its rates for compressed natural gas (CNG) and domestic piped natural gas (PNG) upwards from today after the Maharashtra government hiked VAT by 1% to 13.5%.
MGL supplies CNG to 4 lakh vehicles, including public transport and BEST buses and piped gas to 8 lakh households in Mumbai. In view of increase in VAT rates from 12.5% to 13.5% by the Maharashtra government from 17 September, MGL is constrained to revise its CNG and domestic piped gas prices to the extent of revised tax implication, a company statement said.
Accordingly, revised prices of CNG and domestic PNG in Mumbai effective from Sunday, will be Rs41.57/kg and Rs24.93 per unit (scm) respectively, it added. As per the release, this price reduction is also being effected in the municipalities adjoining Mumbai after factoring in implications of local municipals octroi/LBT and/or cess rates.
Revised prices (inclusive of local taxes) of CNG shall be in the range of Rs. 41.57 per kg to Rs. 42.32 per kg and of domestic PNG shall be in the range of Rs. 24.93 per scm to Rs. 25.01 scm in the areas/municipalities adjoining Mumbai.
