Mahanagar Gas supplies CNG to 4 lakh vehicles, including public transport and BEST buses and piped gas to 8 lakh households in Mumbai. Mumbai: 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.

Source: Mint September 18, 2016 15:11 UTC