CNG price to be reduced in Punjab from tomorrow:Ghiyas Paracha

Lahore: Leader of the CNG sector Ghiyas Paracha on Monday said keeping in view the low import price of LNG, the Government has reduced CNG prices in Punjab which would be applicable from tomorrow March 1.

The is a major step towards reviving dying CNG industry for which the business community is highly thankful to Prime Minister Nawaz Sharif and Petroleum Minister Shahid Khaqan Abbasi, he said.

Ghiyas Abdullah Paracha said that price of CNG would be slashed by Rs6 to 7 per Kg on CNG stations being run on LNG which will reduce oil import bill and pollution while providing jobs to millions.

He added that the vision of Prime Minister has saved investment worth Rs350 billion in Punjab while the CNG sector will attract more investment after being revived.

Pakistan’s CNG industry will soon reclaim lost title of world’s largest CNG industry due to the support and initiatives of the government backed by the vision of energy managers, he said.

He said that CNG in Punjab would be thirty percent cheaper than petrol making it attractive for motorists and transporters which will also reduce fares in public transport providing relief to commuters.

Ghiyas Paracha hoped that the initiatives of the government will settle gas shortages in the country soon.