Natural gas consumption for Mar'19 remains muted Gas demand muted: Natural gas consumption in Mar'19 declined 3.3% YoY to 144.5mmscmd. Demand was led by the fertiliser (43.6mmscmd, +3.9% YoY) and city gas distribution (CGD: 25.4mmscmd, +3.8% YoY) sectors, while offtake from power and industrials declined substantially to 28.5mmscmd (10.3% YoY) and 47mmscmd (8.4% YoY) respectively. Price-inelastic sectors such as fertiliser and CGD accounted for 45% of the total gas consumption. While natural gas demand from power has always been...