CNG Prices deregulated: Impacts upon common man

CNG Prices deregulated: Impacts upon common man

KARACHI: The prices of the Compressed Natural Gas have been deregulated by the Government.

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The Ministry of Petroleum has notified the Economic Coordination Committee’s (ECC) decision that allowed compressed natural gas (CNG) dealers in Sindh and Khyber-Pakhtunkhwa to set their own prices and sell the fuel in litres instead of kilogrammes.

CNG dealers in Punjab have already been selling gas in litres at deregulated prices since May 2015. At present, the average price is Rs51 per litre in the province.

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Dealers in Sindh and Khyber-Pakhtunkhwa were until now selling CNG at the regulated price of Rs66.14 per kg. They will continue to sell the fuel at this price until they work out a formula to set their own prices in a week or two.

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