|Petrol, CNG prices expected to be slashed by as much as Rs10|
15 June 2012
Following directives from President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani, prices of petroleum products and compressed natural gas (CNG) are expected to be reduced by up to Rs10 for fifteen days starting June 16, Express News reported early Friday morning.
According to the Ministry of Petroleum, prices of petrol are expected to be reduced by Rs10.15 per litre. That of diesel will be reduced by Rs4.96 and kerosene by Rs4.25 per litre.
A summary on the reduction of prices has been dispatched to the Prime Minister’s office for approval.
CNG prices 60% of petrol
Seemingly caving into the demand of the CNG station owners, the government has decided in principle to bring the prices of CNG to 60 per cent of petrol.
Both, the President and Prime Minister issued directives on Thursday that the prices of CNG be reduced.
Minister for Petoleum Asim Hussain said that CNG prices were being reduced by Rs6.24.
Earlier, the Ministry and the All Pakistan CNG Association reached a consensus on pricing and gas outages which helped bring a week long strike by the station owners across Pakistan to an end.
Correction: An earlier version of the article incorrectly mentioned that CNG prices were being reduced to Rs6.34. They are being reduced by Rs6.24. The error is regretted.
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