ISLAMABAD: keeping in view the low import price of Liquefied Natural Gas (LNG), the government has decided to reduce CNG prices in Punjab and the federal capital, applicable from March 1.
All Pakistan CNG Association (APCNGA) chairman Ghiyas Paracha termed the decision a major step towards reviving ‘dying CNG industry’ in a statement issued here on Monday.
He said the business community is highly thankful to Prime Minister Nawaz Sharif and Petroleum Minister Shahid Khaqan Abbasi in this regard.
Paracha said that price of CNG would be slashed by Rs6 to Rs7 per Kg only on the CNG stations which are being run on RLNG, adding that the decision will also help in reducing the oil import bill and pollution besides providing jobs to millions.
The APCNGA leader said the vision of Prime Minister Sharif has saved the investment worth Rs350 billion in Punjab as the CNG sector will attract more investment after being revived.
“Pakistan’s CNG industry will soon reclaim lost title of world’s largest CNG industry due to the support and initiatives of the government backed by the vision of energy managers,” he said.
Paracha said that CNG in Punjab would be 30 per cent cheaper than petrol, making it attractive for motorists and transporters and will also help to reduce fares in public transport providing relief to commuters.
Ghiyas Paracha hoped that the initiatives of the government will settle the gas shortages in the country soon.
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