India, May 30 -- Marking the second increase in less than a fortnight, Mahanagar Gas Ltd (MGL) announced a Rs.2 per kg increase in compressed natural gas rates. The revised rates will come into effect from midnight of May 29-30, while domestic piped natural gas (PNG) prices will also rise by 50 paise per standard cubic metre (SCM). The hike has triggered fresh demands from auto-rickshaw and taxi unions for a fare revision.

The latest revision takes the retail price of CNG to Rs.86 per kg from Rs.84 per kg. Domestic PNG will now cost Rs.52 per SCM in Mumbai, Thane, Navi Mumbai and adjoining areas under Mahanagar Gas Ltd.

The hike is expected to affect nearly 12 lakh CNG-powered vehicles in the Mumbai Metropolitan Region (MMR), including ...