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February 2, 2015

‘CNG still cheaper than petrol’

 
February 2, 2015

LAHORE
The All Pakistan CNG Association (APCNGA) Sunday said Compressed Natural Gas (CNG) is still thirty per cent cheaper than that of petrol despite recent cut in prices of imported petrol.
In a statement APCNGA central leader Ghiyas Abdullah Paracha said the prices of petrol and CNG will match when the fossil fuel will be available at Rs 49 per litre.
Petrol is sold in litres while CNG is sold in kilogrammes therefore the prices cannot be compared, he said.
He said one kilogramme CNG is almost equal to 1.5 litres of petrol, saying that both the fuels should be sold in litres to make things easier for all stakeholders. He said international and national oil prices are declining therefore the price of natural gas for CNG sector should also be reduced and CNG outlets in Punjab should be reopened to provide relief to masses and spur growth. He said we have an implementable formula for the reduction of CNG prices.
Paracha said average price of CNG in country is Rs 73.78 per kg which is almost 30 per cent less than petrol. He said a litre of petrol cannot be compared with a kilogramme of CNG and the recent reduction in prices of fossil fuel has reduced but not faded the difference. He said the court has declared GIDC illegal but the CNG sector is paying Rs 300 per mmbtu as GIDC which must be resolved, he said, saying that issues of operational cost of CNG owners should be hammered out immediately. Paracha said CNG is the favourite fuel for motorists and Rs 450 billion have been invested in this sector which is providing jobs to millions.