 "CNG")
The sale of natural gas for domestic and commercial uses through compressed natural gas (CNG) and piped natural gas (PNG) is expected to grow by at least a quarter, according to Crisil Ratings.
“Gas consumption is set to soar 25-27 per cent this fiscal, driven by rebounding vehicular mobility and industrial activity, and a record price advantage versus competing fuels such as petrol, diesel and furnace oil,” Crisil Ratings said in a statement.
“Such strong growth will help city gas distributors sustain robust operating margins of around 28 per cent, even as higher prices of liquefied natural gas (LNG) get partly absorbed
