Mahanagar Gas hikes price of CNG and PNG in Mumbai; Stock ends higher

10 Jan 2022 , 03:56 PM

Mahanagar Gas (MGL) stock witnessed positive sentiments on Monday after it hiked prices of CNG and PNG in Mumbai.

The new prices have come into effect from January 08, 2022.

Through its Twitter account, MGL said that “MGL announces the revised prices of CNG as Rs66/Kg and PNG Rs39.50/SCM in and around Mumbai w.e.f. midnight of 8th January 2022.”

Previously, one kg of CNG was available at Rs63.50 while PNG was priced at Rs38 per SCM in Mumbai.

This would be the sixth price increase in Mumbai since last year, however, the first one in 2022.

On Sensex, MGL stock finished at Rs891.10 per piece up by 0.8%.

The stock closed near the day’s high of Rs893.95 per piece on the same exchange.