Govt approval of new gas pricing mechanism has led to lower CNG prices. Total cost of CNG vehicle ownership now likely to be 10-15% lower than for similar petrol-powered vehicle.
With India’s top-three manufacturers, Maruti-Suzuki, Hyundai and Tata, widening their CNG portfolio, consumer demand for such vehicles has seen a bump up.
Rajesh Pandey, who plans to go back to Nepal as driving auto becomes unsustainable, says he sits idle during most hours of the day without a passenger in sight.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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