Gas prices: CNG industry proposes three options

CNG sector should be charged at par with other sectors, says APCNGA Chairman.


Our Correspondent November 22, 2012

ISLAMABAD: The All Pakistan CNG Association (APCNGA) has proposed three options to keep the CNG business viable. Talking to media persons, APCNGA Chairman Ghiyas Abdullah Paracha said the CNG sector should be charged at par with other sectors. He said the fertiliser sector is receiving gas at the rate of Rs116.27 per million British thermal unit (mmbtu) and paying Rs100 as Gas Infrastructure development Cess (GIDC), which, if introduced in the CNG sector, will bring prices down to Rs48.15 in Region 1 and Rs46.80 in Region 2. As a second option, he said the industrial sector is paying Rs460 per mmbtu and Rs50 as GIDC, which if introduced for the CNG sector will bring prices to Rs69.79 in Region 1 and Rs66.63 in Region 2. Lastly, Paracha said that private power producers receive gas at Rs460 per mmbtu and paying Rs100 as GIDC: introducing the same rates and taxation will result in CNG price in Region 1 at Rs43.47 and Rs70.00 in Region 2.

Published in The Express Tribune, November 22nd, 2012.

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