CGD: Margins are still highly attractive – 10 Dec 2021

High crude prices juxtaposed against against subsidized gas prices makes CGD an attractive business.

Gas prices are going up, and are to go up next year, but the price difference with fossil fuels is still quite high

An attractive margin of around Rs 8/SCM is still on the table even if domestic prices were to double though local factors and economies of scale can whittle down the margin