We are in discussions with oil marketing companies (OMCs) for increase in trade margins, said Mahanagar Gas’ Deputy MD, Deepak Sawant.

“OMCs are asking to double up the trade margins. However, we have kept contingent liability every year as per the formula.”

CNG volumes will increase from current levels with addition of new stations, he added.

On Q2 numbers, Sawant said margins have improved due to decline in gas prices.

Volumes will be around 2.5 mmscmd by the end of this year, he said.

“We have reached 100 percent of pre-COVID volumes."

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First Published:Nov 17, 2020 12:10 PM IST