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Tag Archives: CNG

CNG sector to directly import LNG from March 31

ISLAMABAD: The Compressed Natural Gas (CNG) sector will directly import the Liquefied Natural Gas (LNG) after which no CNG station would face closure. An official of Ministry of Petroleum and Natural Resources told Customs Today that the the import of LNG will start from March 31 in the country. “After arrival of LNG the annual demand of petrol in Punjab ... Read More »

IHC restrains Govt from levying 32 percent sales tax over CNG

ISLAMABAD: The Islamabad High Court restrained Government from levying 32 percent sales tax on CNG station owners. IHC ordered to charge only 17 percent of the actual supply price of gas to the stations while hearing a writ petition filed by Al Shareef CNG Station. A single member bench headed by Justice Shaukat Aziz Siddiqui heard the writ petition. Petitioner ... Read More »

13% cut in POL prices: Transporters reject govt’s order of 20% reduction in fares

KARACHI: Despite 13 per cent reduction in petroleum, oil & lubricant (POL) prices, the public transporters in metropolis have rejected the government’s demand of slashing 20 per cent fares. The Sindh Transport Department has issued a notification to all transporters for reducing fares by 20 percent after reduction in petroleum prices. However, the transporters said that the public transport vehicles ... Read More »

13% cut in POL prices: Transporters reject govt’s demand of 20% reduction in fares

KARACHI: Despite 13 per cent reduction in petroleum, oil & lubricant (POL) prices, the public transporters in metropolis have rejected the government’s demand of slashing 20 per cent fares. The Sindh Transport Department has issued a notification to all transporters for reducing fares by 20 percent after reduction in petroleum prices. However, the transporters said that the public transport vehicles ... Read More »

ECC plunders masses of Rs50b for gas companies, approves 23pc hike in tariff, Rs9.43/L POL cut?

ISLAMABAD: The federal government, after giving the masses Rs9.43/litre relief in petroleum, oil & lubricant (POL) prices, has shocked the nation as the Economic Coordination Committee (ECC) of the Cabinet has approved 23 per cent increase in gas tariff from Jan 1 to recover about Rs69 billion from the consumers and to give Rs50 billion to gas companies. The ECC ... Read More »

PNSC to lose billions of rupees LNG import business

ISLAMABAD: The Pakistan National Shipping Corporation (PNSC) is likely to lose business of billions of rupees for being out of import of Liquefied Natural Gas (LNG) for not having the required capacity. In September with the an objective to keep the Compressed Natural Gas (CNG) stations running seven days a week, Economic Coordination Committee (ECC) of the Cabinet approved in ... Read More »

No gas for CNG stations, industries in Punjab for 4 months

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister for ... Read More »

Four-month gas suspension for Punjab CNG stations, industries

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister ... Read More »

Sales Tax (Amendment) Ordinance promulgated to avoid SC order

ISLAMABAD: On the recommendations of the Finance Ministry, the government promulgated Sales Tax (Amendment) Ordinance 2014 in March this year to avoid implementation of the Supreme Court order. The said amendment ordinance amended sub-section (2) of section 3 B of the Sales Tax Act 1990. An official source at Finance Ministry told this scribe here the other day that as ... Read More »

Gas crisis to continue in winter as no LNG deal yet: Abbasi

ISLAMABAD: The federal government has not yet finalise the LNG (Liquefied Natural Gas) deal with any country. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said this while talking to media at Parliament House. He said that the country would not be able to purchase LNG in less than $14 per mmbtu owing to current market situation. However, he ... Read More »

No handsome cut in transport fares despite govt orders

KARACHI: The transporters have refused to cut bus fares by 12 per cent to 20 per cent, demanded by the traders after massive reduction in POL prices. Meanwhile, Punjab Chief Minister Shahbaz Sharif, during a high-level meeting, gave approval to reduction in transport fares in proportion to decrease in the prices of petroleum products. The Punjab transport secretary told the ... Read More »

Transporters refuse to cut bus fares by 12 % despite oil price reduction

KARACHI: Despite major reduction in oil prices, the transporters have refused to cut bus fares by 12 percent as expected on the plea that their vehicles ran on CNG. Karachi Transport Ittehad president Irshad Bukhari argued that since Karachi public transporters had already converted their minibuses and coaches from diesel to CNG, the cut in oil prices was meaningless to ... Read More »

ECC slaps 5% GST on LNG import to rescue multi-billion CNG sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import to bring Rs450b CNG industry out of crisis. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s Office and considered the proposal for exempting LNG import from Gas Infrastructure Development ... Read More »

ECC decides to impose 5pc GST on LNG import to help Rs450b CNG sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import to bring Rs450b CNG industry out of crisis. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s Office and considered the proposal for exempting LNG import from Gas Infrastructure Development ... Read More »

SNGPL issues schedule as no gas supply to industries for 3 months

ISLAMABAD: The federal government has decided to suspend gas supply to industries including compressed natural gas (CNG) stations and fertilizer sector from November 2014 to January 2015 to ensure continuous supply to domestic consumers in winter. However, sources in Ministry of Petroleum and Natural Resources have said that the government would supply some gas to industries, if under-construction liquefied natural ... Read More »

Punjab CNG stations to be shut for 12 days

LAHORE: Sad news for the people who are returning their homes from major cities to spend Eid with their families as the CNG outlets of Punjab will be unable to provide gas for 12 days. The gas will not be available from Saturday to next 12 days due to folding down of Qadirpur Gas Field for the annual maintenance. But ... Read More »

LNG import will create one million jobs: Shahid Khaqan

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that uninterrupted supply of imported Liquefied Natural Gas (LNG) on CNG stations will save foreign remittances of $2.5 billion annually. He, addressing a press conference along with All Pakistan CNG Industry Chairman Ghayas Paracha, said that utilisation of LNG in the CNG industry would prove to be a ... Read More »