CNG vehicles are lower in demand due to high LNG/CNG prices. LNG prices have already corrected from USD 9 to USD 6. Coming down faster than crude and will go down even more to USD 3 in a few months. Supply of LNG is increasing in US and other countries. By Q3 /Q4 prices will be back to last year levels and going forward when new fields in Middleast are commissioned prices will go down even lower. Even ONGC and Reliance are ramping production in KG basin.
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