CNG Inflated Rate Unchanged Despite Govt Clarification

Wednesday, July 2, 2008 at 12:28 pm

KARACHI :Despite the petroleum ministry’s clarification, the CNG stations in here are selling the gas on the inflated rate with raise of Rs13 per kilogram.

It is pertinent to mention that the Ministry of Petroleum and Natural Resources has notified that the government has increased CNG prices by Rs4.3 per KG, not Rs13 per KG.

A notification issued by Director General (Gas), Ministry of Petroleum and Natural Resources on Tuesday clarified that increase in price of natural gas being supplied to CNG stations is Rs 4.3 per KG and not Rs 13 per KG as inadvertently replied to a question during the briefing.

“The factual position is that revised price of natural gas being supplied to CNG stations, as notified by Oil and Gas Regulatory Authority (OGRA) is Rs 388.32 per million BTU while the previous price was Rs 291.36 per million BTU,” said the notification.

The increase of Rs 96.96 per million BTU corresponds to an increase of Rs 4.3/KG which due to a conversion or calculation error, was stated to be an increase of Rs 13/KG instead of Rs 4.3 per KG excluding government taxes.

“Thus the net increase in natural gas price for CNG stations including government taxes works out to be Rs 5.58/KG,” the notification clarified.