GUJJAR KHAN: Petroleum and Natural Resources Minister Dr Asim Hussain said on Thursday that that the gas shortfall has reached one billion cubic feet, reported Express News.
Speaking to the media in the Daultala area of Gujjar Khan on the inauguration of Adhi Oil Field, Hussain said that in the month of January, gas supply to Compressed Natural Gas (CNG) stations and industries will be slashed.
He also alleged that the previous government had been involved in the exploitation of gas resources and profiteering.
The minister also said that the CNG association should “stop lying” and added that they earn a profit of Rs28 per kg. He distributed shares to Adhi Oil Field under the Benazir Employees Stock scheme and also announced a bonus for the employees.
Earlier on Wednesday, the petroleum ministry finalised a summary of hikes in gas prices and has sought formal approval from the prime minister.
According to the summary, consumers will face a hike between 14 and 207 %, in order to generate Rs385 billion for gas utilities and import projects.
If the summary is approved, the price of CNG would rise from Rs67 per kilogramme (kg) to Rs80 per kg – a hike of Rs13 per kg.
Liquefied Petroleum Gas (LPG) will cost an additional Rs14 per kg after the imposition of Petroleum Levy worth $120 per ton on locally-produced LPG. This hike would generate Rs4 billion in additional revenue for the government in a year.