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Monday, May 23, 2022

CNG Price in Pakistan: The price of CNG skyrocketing in Pakistan, so much more expensive than Delhi-NCR, dealers accuse the government

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Price of CNG in Pakistan: The price of CNG in Pakistan is skyrocketing. Here the rate of one kg of CNG is Rs 300. After the CNG price reached the highest level, the Dealers Association has targeted the government. The association alleges that the government wants to end this sector and has increased the prices without advice.

According to the ARY News report on Saturday, CNG prices in Pakistan have increased by Rs 70. CNG Dealers Association President Abdul Sami Khan said in a statement that the price of Re-Gasified Liquid Natural Gas (RLNG) has also been increased. Expressing anger over the hike in prices, the chairman said that billions of dollars of investment in the CNG sector are being wasted.

He said that CNG was considered to be a cheap fuel but the huge hike will kill its demand. The Speaker also demanded that the government should provide RLNG to the CNG sector at subsidized rates, else the CNG sector should be completely abolished.

As Pakistan’s economy is in recession, talks with the International Monetary Fund (IMF) from May 18 are crucial. Finance Minister Miftah Ismail had said that every month the exchequer is losing Rs 102 billion due to petroleum products. He said that the government is incurring a loss of Rs 30 per liter on petroleum. The pace of development in Pakistan is not expected to pick up in the near future, as a sharp jump in the import bill will also adversely affect the Pakistani rupee.

CNG prices increased in Delhi-NCR too

Not only in Pakistan but also in some cities of India, the price of CNG continues to rise. CNG gas prices have increased by Rs 2 per kg in Delhi-NCR. The increased prices came into effect from today i.e. Sunday (15 May 2022) at 6 am. Now CNG price in Delhi has reached Rs 73.61 per kg. Talking about Noida, Greater Noida and Ghaziabad, the retail price of CNG gas here is Rs 76.17 per kg.

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