‘LNG import to revive CNG sector’

Published February 15, 2016

ISLAMABAD: All Pakistan Compressed Natural Gas Association (APCNGA) on Sunday expressed confidence that the government’s recent deal to import Liquefied Natural Gas (LNG) from Qatar would help revive the CNG sector, which was bearing the brunt of prevailing energy crisis in the country.

Pinning high hopes with the LNG import agreement and the government’s sincere efforts to overpower the energy shortage, APCNGA Chairman Ghiyas Paracha said that the deal would pave the way for reopening of hundreds of CNG outlets which had been closed due to prolonged gas suspension over the past several years.

He said CNG was an environment-friendly fuel and claimed that it was 30 per cent cheaper as compared to petrol at the existing rates, adding that CNG was being sold at Rs53 per litre and Rs 82 per kilogram.

Answering a question, he said the purpose behind selling the CNG in litre was to do its comparison with petrol so that consumers could feel the difference.

But, he said, efforts would be made to end the prevailing CNG price disparity in provinces and bring its prices to Rs 47per litre from Rs53 in consultation with the government.

Published in Dawn, February 15th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....