India, March 6 -- Mahanagar Gas (MGL) on Tuesday announced a price cut for Compressed Natural Gas (CNG) by Rs.2.5 per kg to Rs.73.50 per kg, effective from March 5, 2024. This latest price cut comes after a dip in gas input costs. In the last couple of years, CNG has found a rapidly growing footprint in the transportation sector owing to the sky-high price of petrol and diesel. While previously, only commercial vehicles were using CNG as fuel, in the last couple of years, personal vehicle owners too have increasingly started using CNG as fuel.

With this price cut, at the current cost, CNG offers 53 per cent savings to the vehicle owners compared to petrol and 22 per cent savings compared to diesel in their current price levels in the fin...