Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Tuesday said that the government would cut off supply of Compressed Natural Gas (CNG) to CNG stations in Punjab next year.
He expressed these views in a meeting of the National Assembly’s Standing Committee on Petroleum headed by chairman Bilal Ahmed Virk.
Secretary Petroleum Abid Saeed while briefing the committee said that Prime Minister Nawaz Sharif has withdrawn the restriction imposed on gas supply and that Oil and Gas Regulatory Authority (OGRA) would increase the gas tariff for the new scheme.
He said that the CNG sector would import the gas and then sell it and that it would remain 35 per cent cheaper than the petrol. He also said that the investors have shown interest in the Liquefied natural Gas (LNG) and that the government would incorporate two billion cubic feet gas into the system.
He said that a summary has been sent to the Council of Common Interest (CCI) to reduce the price of the Liquefied Petroleum Gas (LPG).
Saeed said that the government would decide a price of the LPG according to the new policy and that it would be cheaper and in the buying capacity of the public.