Rosneft controlled Nayara Energy is in talks with domestic City Gas Distribution (CGD) operators to offer natural gas retailing services at its auto fuel retailing outlets. “We are in talks with Adani, IGL (Indrapastha Gas Limited) and MGL (Mahanagar Gas Limited) among others to offer compressed natural gas retailing at our petrol pumps.
The new CGD geographies that are coming up are a diversification opportunity for retail outlets that have till now been offering just petrol and diesel,” a Nayara Energy official told BusinessLine at the sidelines of Petrotech – 2019.
“The gas sales will augment our petrol and diesel sales. Both auto fuel sales at Nayara have outpaced industry growth. Petrol sales have grown by 9 per cent while diesel sales are 12 per cent higher for the group,” the official said. Read MOre