Mahanagar Gas Limited (MGL) has increased the price of Compressed Natural Gas (CNG) in Mumbai, Thane, and the Mumbai Metropolitan Region (MMR) by Rs 2 per kilogram, effective from today. The revised price now stands at Rs 84 per kilogram, up from the previous Rs 82 per kilogram. This price revision comes amid rising input costs and is expected to impact commuters who rely on CNG-powered auto-rickshaws and taxis.
Impact on Auto and Taxi Fares
The hike has led to renewed demands from auto and taxi unions for a fare revision in the region. Union representatives argue that the frequent increase in CNG prices is severely affecting their earnings and making it difficult to sustain operations without a corresponding fare hike. They have urged the state transport authority to consider a fare revision to offset the rising fuel costs.
MGL Share Price Movement
Following the announcement, shares of Mahanagar Gas Limited witnessed a slight decline on the stock exchanges. On the National Stock Exchange (NSE), MGL shares traded at Rs 1,250.20, down by 0.5% from the previous close. On the Bombay Stock Exchange (BSE), the stock was trading at Rs 1,251.30, reflecting a similar trend. Market analysts attribute the dip to investor concerns over potential regulatory pushback and demand elasticity.
Background and Previous Hikes
This is the latest in a series of price increases by MGL over the past year. The company has cited higher natural gas procurement costs as the primary reason for the revision. In March 2026, MGL had raised CNG prices by Rs 1.5 per kg, and prior to that, a Rs 1 per kg hike was implemented in January 2026. The cumulative increase has put pressure on household budgets and the transport sector.
Consumer Response
Consumers have expressed frustration over the frequent price hikes. Many commuters have taken to social media to voice their concerns, with some calling for a shift to electric vehicles. However, the high upfront cost of EVs remains a barrier for many. The auto union has warned of possible protests if their fare hike demand is not addressed soon.
MGL has not indicated any further price revisions in the near term, but industry experts suggest that if global natural gas prices remain elevated, additional increases cannot be ruled out. The company continues to monitor the situation and adjust prices as necessary to maintain margins.
