Madhya Pradesh CNG Prices On 22nd February 2024 Are Stable Amidst Falling Global Trend
Today the CNG prices in Madhya Pradesh are floating the same range as previous tenures and remains stable at Rs. 92/- per kg. Similarly, Dewar CNG prices today are around Rs. 92/- per kg, same as the previous month.
The central state of Madhya Pradesh is one of the largest states of the country, which has a population of more than 80 million totally. Major cities like Bhopal, Indore and Jabalpur are the commercial hubs, which have the highest number of vehicles and ultimately the larger consumption of CNG fuel in the region. Madhya Pradesh CNG rates today remain stable as most parts of the country due to strong grip of government regulations.
Natural gas segment internationally is today staying 15% above the yearly lowest price level posted on Monday this week. Despite the breather noted in past two days, currently the rates remain 18.9% lower monthly and 32.15% lower than previous year. The absence of major US economic indicators have facilitated the commodity market segment and investors would focus over Asian market performance and US GDP growth data scheduled for next week.
The MCX Natural Gas Futures expiring next month are today trading at Rs 153.2/-, a fall of Rs 2.7/- or 1.73% since yesterday's closing.


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