CNG price reduced by Rs7.5 per litre in Punjab

ISLAMABAD: All Pakistan Compressed Natural Gas Association (APCNGA) has announced to reduce the commodity price by Rs 7.5 per liter in the federal capital and Punjab for the month of June.

In a brief statement APCNGA Central Chairman, Ghiyas Abdullah Paracha said “CNG price in Punjab and Islamabad, based on RLNG, has been reduced by around Rs 7.5 per litre with immediate effect”.

He said this decision made after the Oil and Gas Regulatory Authority (OGRA) significantly reduced the price of imported Regasified Liquefied Natural Gas (RLNG).

Following the reduction, the commodity would be available at all Compressed Natural Gas (CNG) stations of Islamabad and Punjab at a new retail price of around Rs 64.5 per liter. The previous CNG rate was Rs 72 per litre, which after Rs 7.5 decrease, stood at Rs. 64.5.

In Islamabad and Punjab, the CNG is sold in litres due to imported RLNG-based supply, while in Sindh, Balochistan and Khyber Pakhtunkhwa, the commodity is sold in kilograms based on natural gas supply.

Earlier, the federal government had slashed prices of petroleum products for June due to a sharp decline in oil prices in the international market due to virus-fuelled lockdowns.

Following the notification had issued by the finance ministry the price of petrol had come down from Rs 81.58 to Rs74.52 per litre.

However, the government regulator had slightly increased the price of high-speed diesel (HSD) from Rs 80.10 to Rs80.15 per litre, which is mainly used in the transport and agriculture sectors.