New Delhi, June 10 -- CNG vehicle registrations and Morbi industrial gas consumption are both tracking strong growth into mid-2026, Dolat Capital said in a research report.

Despite multiple CNG price hikes, total cost of ownership for CNG vehicles remains 17 per cent lower than EVs in Delhi and 16 per cent lower in Mumbai for the same vehicle. Payback vs petrol has stretched by only 2 months in both cities, keeping economics favorable. For Gujarat Gas, spot LNG blending is expected to rise further as Morbi demand surges, while PNG(I) trust and assured supply continue to beat propane despite near-equal pricing.

CNG adoption stayed strong in May 2026 across 3W+4W categories, supported by robust auto sales. Registrations rose 35 per cent Y...