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Print Print edition: 2012-04-02

Hike in CNG price rejected

Published Updated

All Pakistan CNG Association, Khyber Pakhtunkhwa Zone has rejected Rs 11.60 per kilogram increase in the price of CNG and attributed it to sheer injustice and vowed to resist such measures of the government.
Addressing a press conference here on Sunday, President, All Pakistan CNG Association, Khyber Pakhtunkhwa Zone, Pervez Khan Khattak said that the new Rs.88.70 per kilogram in proportion to 775.60/mmbtu price of CNG was a cruel act against both the consumers and investors of CNG sector.
He alleged that a troika of anti-people elements sitting in the corridors of power was on rampage against the people, saying the CNG was being sacrificed for the sake of LPG and LNG. He said that the act of the government aimed at wasting an investment of Rs 34 trillion.
He said that the CNG sector was using only 8 per cent of the total reservoirs of the natural gas. Control on the losses could overcome the problem of gas shortage in the country. Khattak said that the sector was also providing employment to thousands of people. The use of CNG had helped cut down environmental pollution by 48 per cent, bearing positive impact on the life of the people and in future it could be extended to 72 per cent, he observed.
Despite these facts, he said the quarters concerned had adopted negative attitude towards the CNG industry while Minister for Petroleum and Natural Resources, Dr Asim Hussein was bent upon the destruction of the sector and making it more costly than petroleum products to deprive the people of this cheap and environment friendly fuel.
On one hand, the minister was offering the exploration and supply contracts to foreign investors at the rate of 4 dollar per MMBTU while on the other hand offering less than 3.5 dollar per MMBTU to local private sector.
He said that in wake of these facts and figures, all members of the CNG association had unanimously decided that they would defend their industry and would resist the negative measures of the particular group. He said they would use every available platform and legal course.
The CNG Khyber Pakhtunkhwa Association requested Prime Minister Syed Yousuf Raza Gilani for taking notice of conspiracies being hatched against the people of the country. He also appealed the Chief Justice, Peshawar High Court to take suo motu notice in this regard.

Copyright Business Recorder, 2012

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