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Thread: CNG Prices dropped to Rs 31.10 today

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    Default CNG Prices dropped to Rs 31.10 today

    CNG Prices dropped to Rs 31.10 today

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    PWCID

    verification please

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    I have heard in ATV 8:45 PM News today

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    By Our Staff Reporter

    ISLAMABAD, July 24: The government on Tuesday announced a 4.3 per cent reduction in CNG prices at public sector stations with immediate effect and advised the private sector to follow the decision.

    The announcement was made by Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon while presiding over a meeting of the reconstituted board of governors of the Hydrocarbon Development Institute of Pakistan (HDIP) here.

    The minister directed that CNG prices at HDIP stations be reduced from Rs32.50 to Rs31.10 per kg immediately and advised the private sector to reduce their rates as well.

    However, the HDIP have only two stations, one in Karachi and another Islamabad, which serve only 3,000 vehicles each a day.

    Besides, the ministry could not ask the private sector to reduce prices as they are regulated by the Oil and Gas Regulatory Authority.

    On July 1, OGRA had announced about 10 per cent increase in CNG prices for private stations. However, the private stations increased prices by more than 15 per cent. Private stations are charging Rs34.30 per kg in Rawalpindi and Islamabad. The rate is different in various parts of the country.

    Mr Jadoon said he had taken the decision to provide relief to consumers.

    He said over 100 licenses for offshore and onshore explorations had so far been awarded to local and foreign exploration and production (E&P) companies engaged in oil and gas exploration in the country.

    He said more blocks would be offered to boost oil and gas exploration activities vital for overall economic growth.

    He appreciated result-oriented efforts being made by the HDIP for disseminating research and development techniques to E&P companies in carrying out their oil and gas exploration activities. He urged the HDIP to equip with emerging sophisticated technologies prerequisite for achieving high success in hydrocarbon discoveries.

    The meeting reviewed updated performance of the HDIP and proposed various measures for boasting research and development activities in the petroleum sector.
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    so this means my 55kg tank fills in?

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    Let's check..... yar aisa ho jayay to well n good.... waisay r they providing some kinda subsidy to the private cng stations ya phir awein keh rahay hain....
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    hello!
    yeah.......Private ones are still selling that for 33/kg whereas govt ones has got that 31.10 price..........lets hope private ones can decreased that also........
    thats announced around 10 days earlier as i read in newpaper earlier and now....but no one implements...
    Thanxxx
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    This price reduction is only applicable on the public sector petrol pumps i.e. only 2 pumps through out Pakistan.

    Its been asked (requested) to private sectors to reduce their price and thus its not binding on the private sector, who are already charging us more than the official increase.
    -

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    Here is proof a newsreport on geo tv

    CNG price decreased by Re 1.40 per kg
    ISLAMABAD: Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has announced reduction in price of CNG from Rs32.50 to 31.10 per kg (a total of Re 1.40 per kg) at all HDIP CNG stations in the country with immediate effect.

    Addressing the 2nd Board of Governors meeting of Hydrocarbon Development Institute of Pakistan (HDIP) here today, he took notice of rise in CNG prices by some private CNG stations and directed them to reduce the price as per standard.

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