Skip to main content

CNG price likely to be increased by Rs22 per kilo

KARACHI: The price of compressed natural gas (CNG) is likely to be increased by Rs22 per kilogram following the 40 per cent hike in the gas tariff, it emerged on Saturday.

The new price is likely to be implemented from next week after the issuance of a notification regarding hike in gas tariff — Rs980 MMBTU from Rs700 MMBTU — from Oct 1.

For the first time in the country’s history, the CNG price will reach around Rs105 per kg from the current price of Rs 81.70 per kg.

Speaking at a joint press conference here, CNG stakeholders said the industry was continuously facing destabilisation due to the policies of the government since it first resorted to forced loadshedding of three days in a week and now increased the tariff by 40pc.

The proposed gas price increase would result in a lower price differential parity between petrol and CNG besides pushing up public and private transport fares as 70pc of buses were being run on CNG, they added.

The leaders said the determination of the hike in gas price was related to the estimated revenue loss reported by the Sui Southern Gas Company in their public petition presented to the Oil and Gas Regulatory Authority and based on these reports Ogra determined the suggested increase.

They believed that the hike in gas price appeared to be a deliberate plan to convert CNG stations in Sindh, KP and Balochistan to LNG to benefit LNG terminal operators.

Published in Dawn, September 30th, 2018



from The Dawn News - Home https://ift.tt/2DGcsC1
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Sialkot police bust gang of robbers, seize over Rs20m looted cash

SIALKOT: Police on Tuesday claimed to have busted an infamous gang of robbers and seized Rs20.3 million looted cash from their possession, ARY News reported. A spokesperson for the police confirmed the arrests saying the eight-member gang had looted a pharmaceutical company’s truck full of medicine. He said the looted cash to the tune of Rs20.3 million was also recovered from their possession. The police said the recovered cash and truck have been handed over to their owner. Read More: Youngster battles for life as Punjab police ‘mistakenly’ opens fire on him Earlier, on June 20, Karachi police had apprehended six robbers allegedly involved in a bank robbery of Rs10.5 million last month. The robbers had produced Rs9 million from the bank robbery in front of the police after being taken under arrest. The police also recovered the weapons used by the criminals in the bank robbery. The gang was stated to have a previous record of robbing various places in the city, the police said. ...
Post a Comment
Read more

Peshawar security forces kill four suspected terrorists

The Peshawar Counter-Terrorism Department personnel gunned down four suspected terrorists after raiding their hideout on the Kohat Road Monday. According to the security forces, the suspects were plotting an attack. A cache of weapons and ammunition has been seized too. On Monday evening, a special CTD team raided the hideout after surrounding it and exchanged fire with them. No CTD personnel was injured in the operation. from SAMAA https://ift.tt/2V8MRbn
Post a Comment
Read more

Headlines 9am: Karachi to face power outages, coronavirus cases rise

Here are the headlines from SAMAA TV’s 9am bulletin. Pakistan has begun reporting fewer coronavirus infections in the last couple of days. In the last 24 hours, 3,964 cases were reported with 105 deaths. Around 73,000 recoveries have been confirmed so far. Three people were killed in a collision between a motorcycle and ambulance on the Mehran highway. A child was injured as well. Robbers looted a house in Karachi’s Azizabad in broad daylight and in the presence of a policeman. The cop chased the thieves but they were able to escape. SAMAA TV has acquired a CCTV footage of the robbery. A terrorism bid has been foiled in Peshawar. During a raid, security forces eliminated four terrorists. A cache of weapons and ammunition has been recovered. Saudi Arabia has announced it would hold a “very limited” Hajj this year owing to the coronavirus pandemic, with pilgrims already in the kingdom allowed to take part. The Kingdom has informed Pakistan about it as well. Pakistan’s Religious A...
Post a Comment
Read more