Compressed Natural Gas (CNG) Price Increased
Compressed Natural Gas (CNG) Price Increased: In Karachi, station owners have increased the price of compressed natural gas (CNG) by Rs.1.70 per kg and other parts of Sindh to Rs.81.70 from Rs.80 per kg.
The government had liberalized CNG price in December 2016 which at that time was available at Rs.67.50 per kg. From December 2016 till now, it has increased by Rs.14 per kg as station owners have been taking full advantage of the policy by frequently jacking up rates every 3 to 4 months.
In December 2016, the petrol price stood at Rs.66.27 per liter which has now reached Rs.87.70 per litre, up by Rs. 21.43. The use of CNG has grown as more transporters and commuters now largely depend on gas due to its higher profit and low cost. Sindh consumes around 80mmcfd of CNG versus Khybder Paktunkhawa at 65mmcfd. Whereas in Punjab reliquified natural gas (RLNG) is being used for the transport sector with a consumption of 60mmcfd.
All Pakistan CNG Forum’s Chairman has urged SSGC to ensure uninterrupted supply of gas throughout the week to stations since many cash-constrained people still cannot afford petrol.
CNG Use Benefits
The use of CNG is claimed to replace millions of tonnes of oil, resulting in lowering trade deficit and improving the balance of payment. As per Economic Survey 2017-18 the government had initially encouraged use of CNG as an alternative fuel for automobiles in order to contain environmental degradation, reduce foreign exchange expenditure on the import of liquid fuel and generate employment. Pursuant to its investor-friendly initiatives, Pakistan has become the world’s leading CNG-user country.
All Pakistan CNG Forum’s Chairman Shabbir Sulemanji has indicated that gas stations have been facing higher costs due to excessive increase in the gross colorific value in the bills by Sui Southern Gas Company Ltd (SSGC) in the last few months.
(Khyber Pukhtunkhwa, Baluchistan, Potohar region; Islamabad, Rawalpindi and Gujar Khan)
|Rs. 75.82 /Kg|
(Sindh and Punjab excluding Potohar region)
|Rs. 71 /Kg|
Compressed natural gas (CNG) prices have been increased by up to Rs.3.5 per kg across Sindh, the first hike following the government’s decision to deregulate the country’s CNG market.
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