mahanagar gas

mahanagar gas Limited has appointed Praveer Kumar Srivastava as its new Managing Director. With over three decades of experience at GAIL, Srivastava brings expertise in gas processing, pipeline networks, and large-scale project execution. His focus at MGL will be on enhancing efficiency, accelerating project delivery, and leveraging technology to drive growth and sustainability.

Cooking gas prices remain unchanged

CNG prices have jumped by Rs 2 per kg across India, following recent hikes in petrol and diesel. This surge, attributed to the West Asia conflict impacting global energy supplies, sees Delhi's CNG now at Rs 79.09 per kg. Fuel rates have climbed significantly after a long period of stability, raising concerns about energy security.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre on Tuesday. This marks the second increase in less than a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58.

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.

Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis.

Kalyan-Dombivli faces a pothole crisis as US-Iran tensions disrupt bitumen supply, doubling costs and creating uncertainty. Three tender attempts for road repairs have failed due to unviable rates and material scarcity. With monsoon looming and ongoing excavation work exacerbating damage, the city's roads are at risk of further deterioration, leaving commuters concerned.

Despite nationwide authorisation and repeated claims of rapid expansion, only about 16 million households are connected to the PNG network. More than 330 million homes are still dependent on LPG for cooking

Thousands are switching from LPG to piped natural gas (PNG) as the government urges more to adopt the cleaner fuel. This move aims to free up LPG for areas without pipeline access, especially amid global supply pressures. Expansion of PNG networks is accelerating, with incentives offered to encourage the shift.

Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.

The US-Iran conflict is impacting industrial operations in the Mumbai metropolitan region, leading to rising production costs and concerns over fuel supply. Manufacturers are facing increased prices for chemicals and imported coal, with potential disruptions to natural gas supply looming. This is already causing price hikes in finished goods, and further escalations could lead to significant consumer price increases.

Citi has revised its Nifty target to 27,000 from the earlier estimate of 28,500. The new projection suggests a potential upside of about 17 percent from the index’s last closing level.

New Delhi, Jun 20 () Country's second largest CNG retailer mahanagar gas today mopped up Rs 309 crore from anchor investors, a day ahead of its initial share sale. The company would hit the capital market tomorrow with the Rs 1,040 crore IPO. mahanagar gas has raised Rs 309.