Ghiyas Paracha, a leading name in the CNG sector, on Monday said that keeping in view the low import price of LNG, the government had reduced CNG princes in Punjab which would be applicable from today (Monday, March 1).
“The is a major step towards reviving the dying CNG industry for which the business community is highly thankful to Prime Minister Nawaz Sharif and Petroleum Minister Shahid Khaqan Abbasi,” he said in a statement.
Paracha said that the price of CNG would be slashed by Rs 6 to 7 per kg on CNG stations being run on RLNG which will reduce oil import bill and pollution while also providing jobs to millions.
He added that the vision of the prime minister had saved investment worth Rs 350 billion in Punjab while the CNG sector would attract further investment after it is revived in the country. Pakistan’s CNG industry will soon reclaim its lost position of being the world’s largest CNG industry due to the support and initiatives of the government backed by the vision of the energy managers, he said.
He said that CNG in Punjab would be thirty per cent cheaper than petrol, making it attractive for motorists and transporters, which will also reduce fares in public transport providing relief to commuters. Paracha hoped that the initiatives of the government would get rid of gas shortages in the country soon.