Saturday, May 28, 2022

Compared to Delhi-NCR, CNG prices in Pakistan have skyrocketed

Price of CNG in Pakistan: CNG prices have skyrocketed in Pakistan. The price of CNG here is Rs 300 per kg. The dealers’ association has targeted the government after CNG prices peaked. The association has accused the government of closing the sector and raising rates without consultation.

According to ARY News on Saturday, CNG prices in Pakistan have gone up by Rs 70. The price of re-gasified liquefied natural gas (RLNG) has also been hiked, said Abdul Sami Khan, president of the CNG Dealers Association. Expressing anger over the hike, the President said that billions of dollars of investment in the CNG sector was being wasted.

He said that CNG was considered to be the cheapest fuel, but the huge price hike would reduce its demand. The speakers also demanded that the government should provide RLNG to the CNG sector at a discounted rate, otherwise the CNG sector should be abolished altogether.

Talks with the International Monetary Fund (IMF) from May 18 are important as Pakistan’s economy is in recession. Finance Minister Miftah Ismail had said that petroleum products were causing a loss of Rs 102 billion to the exchequer every month. He said the government was losing Rs 30 per liter on petroleum. Pakistan’s growth momentum is not expected to pick up in the near future, as a sharp jump in the import bill will also have an adverse effect on the Pakistani rupee.

CNG rates have also gone up in Delhi-NCR

CNG prices have been rising steadily not only in Pakistan but also in some Indian cities. In Delhi-NCR, CNG price has been hiked by Rs 2. The increased prices came into effect from today, i.e. Sunday (May 15, 2022) at 6 am. Now the price of CNG in Delhi has reached Rs 73.61 per kg. Speaking of Noida, Greater Noida and Ghaziabad, the retail price of CNG here is Rs 76.17 per kg.

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