Some recent comments from the PNGRB chief that should soothe investors in CGDs:
If cheap gas is not available, it will hurt implementation of projects. That goes without saying. But what are the chances of this fear fructifying?” PNGRB chairman DK Sarraf told ET in an interview.
For a driver, CNG turns out to be about 60% cheaper than petrol, and 40% cheaper than diesel, giving city gas distributors ample scope to accommodate future increases in natural gas price and yet stay profitable, Sarraf said.