State-run Mahanagar Gas (MGL) on Thursday hiked prices of compressed natural gas (CNG) by Rs 2 per kg to Rs 84 per kg. The revised price is effective from today, i.e. May 14, 2026, and applies across Mumbai, Thane, Navi Mumbai and other Mumbai Metropolitan Region (MMR) areas. CNG was previously priced at Rs 82 per kg. The latest price hike comes as the Iran-US war, which began on February 28, 2026, has disrupted energy supply chains across West Asia. Meanwhile, Brent crude oil price has remained well above USD 105 for the past few days. It will remain in focus as global inventories plunge amid tensions in the Middle East. Earlier, the prices were increased on April 12, 2026.
Auto unions demand fare price hike
As soon as MGL increased the CNG price, auto unions have reportedly started demanding at least a Rs 1 increase in base fares. According to reports, the demand has been made citing rising operational costs.
Unions argue that the continuous rise in prices has made it difficult to operate their auto-rickshaws at the current fare rates.
According to stats available, over 12 lakh vehicles run on CNG in Mumbai. This includes approximately 4.7 lakh auto rickshaws, 1.6 lakh taxis and over 5 lakh private cars.
The price revision comes amid Prime Minister Narendra Modi’s recent appeal for austerity. He urged the citizens to curb the use of fuel-driven vehicles and has significantly reduced his convoy size.
MGL share price today
Meanwhile, the stock started the trading session in the green today. The stock has gained after four consecutive days of losses. The stock opened in the green at Rs 1,055.65, up from the previous close of Rs 1,043.40 on the BSE. Later, it touched a high of Rs 1,072.25. Last seen, the stock was trading at Rs 1,061 with a gain of 1.69 per cent, and the market cap of the company stood at Rs 10,480.32 crore.
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