ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Sunday said Compressed Natural Gas (CNG) is still 30 percent cheaper to petrol despite the recent cut in prices of imported petrol.
The prices of patrol and CNG will match when the fossil fuel will be available at Rs 49 per litre, said Ghiyas Abdullah Paracha, Central leader of APCNGA in a statement here. He said petrol is sold in litres while CNG is sold in kilograms therefore the prices cannot be compared.
He said a kilogram of CNG is 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 that 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.
He said average price of CNG in country is Rs 73.78 per kg which is almost 30 percent less than petrol. He said a litre of petrol cannot be compared with a kilogram of CNG and that 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, adding that the issues of operational cost of CNG owners should be hammered out immediately. He said CNG is the favourite fuel for motorists and Rs 450 billion have been invested in this sector which is providing jobs to millions.