Pakistan

CNG prices likely to down by 23pc

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has proposed reduction of 23 per cent in the per Kilogram price of Compressed Natural Gas (CNG), ARY News reported.

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According to details, the proposal to lower down CNG prices has been made to petroleum ministry after declaration of Gas Infrastructure Development Cess (GIDC) as illegal.

As per the working paper, CNG prices in Khyber Pakhtunkhwa and Balochistan will go down by Rs.17.16 per kilogram while reduction of Rs. 16.11 per kilogram has been proposed for the consumers in Sindh and Punjab.

The Petroleum Ministry will take the final decision regarding the decline in CNG prices.

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