First, the minister pushes CNG as a fuel option, drives a wider ecosystem of filling pumps across the country. Then, CNG prices are pushed up to an extent that vehicle owners are reverting to the original choice of fuel – petrol for cars, diesel for CVs. And even the aggressive plan of pump expansion is getting stalled as investing in them won’t generate adequate ROI if there’s no demand for CNG vehicles. Now, global natural gas prices are significantly lower. Shouldn’t there be some linkage?
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