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Tuesday, 1 July 2014

Govt increase the CNG price 5.36 per KG

ISLAMABAD: In a bid to prevent the use of Compacted Organic Gas (CNG) in automobiles and off set the gas problems, the  govt on Wednesday brought up costs of CNG by as much as Rs 5.36 per kilogramme (Kg).The improve has been created due to Gas Facilities Growth Cess (GIDC). Previously, GIDC amount in region-1 was Rs 263 per thousand English Heat Device (mmbtu) and Rs200 per mmbtu in region-2. Now, the govt has enforced a consistent amount of Rs300 per mmbtu in both places resulting in a improve in CNG costs. According to a notice the Oil and Gas Regulating Power (Ogra) on Wednesday, the cost of CNG has been improved to Rs76.35 per kg from Rs74.25 per kg applying an improve of Rs2.1 per kg in Area I (Potohar, Khyber-Pakhtunkhwa, and Balochistan).



Similarly the customers in Area II (Sindh, Punjab,and its places not including Potohar) would experience improve of Rs5.36 per kg increasing its cost from Rs66.14 to Rs71.5 per kg. The CNG market has refused the latest cost improve declaring that CNG channels are already not getting enough gas and therefore improve in CNG cost is unjustified. Chair All Pakistan CNG Organization Ghyas Paracha said that CNG market is also struggling due to gas fill losing and improve in the cost of gas would add miseries of CNG market. Latest News update is available at Javeed Chaudhry.

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