KARACHI: The All Pakistan CNG Association (APCNGA) central leader Ghiyas Abdullah Paracha has said that despite the massive cut in prices of petroleum products, the Compressed Natural Gas (CNG) is still 30 per cent cheaper than petrol. The prices of patrol and CNG will match when the fossil fuel will be available at Rs49 per litre.
In a statement, Paracha said that petrol is sold in litres while CNG is sold in kilograms, therefore, the prices cannot be compared, adding that a kilogram of CNG was not equal to a litre of petrol but almost 1.5 litres of petrol. Both fuels should be sold in litres to make things easier for all the stakeholders.
He said international and national oil prices were 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 they had an implementable formula for the reduction of CNG prices.
The APCNGA leader said that the average price of CNG in country was 73.78 rupees per kg which was almost 30 percent less than petrol. He said a litre of petrol could not be compared with a kilogram of CNG and that the recent reduction in prices of fossil fuel had reduced but not faded the difference. The leader of the CNG sector said that the court had declared GIDC illegal but the CNG sector was paying Rs300 per mmbtu as GIDC which must be resolved, he said, adding the issues of operational cost of CNG owners should be hammered out immediately.
Ghiyas Paracha said that CNG was the favourite fuel for motorists and Rs450 billion had been invested in this sector which was providing jobs to millions of people.
