Arab Today, arab today pakistan’s cng sector likely to face crisis
Last Updated : GMT 00:47:24
Arab Today, arab today
Arab Today, arab today

Pakistan’s CNG sector likely to face crisis

Arab Today, arab today

Arab Today, arab today Pakistan’s CNG sector likely to face crisis

Karachi - Arabstoday

The government of Pakistan is considering curtailing gas supply to compressed natural gas (CNG) stations as there are apprehensions of a severe gas crisis in the upcoming winter season. The government is likely to increase gas holidays by one-and-a-half-day at CNG stations. After the increase Sindh’s CNG stations will not receive CNG for two-and-a-half-day, and Punjab and Khyber Pakhtunkhwa four-and-a-half-day a week. The government is also likely to reduce the petrol-CNG price parity by 20 per cent from current 40 per cent during the winter season (December to March). The fuel experts expect the move to result in an increased demand for petrol, which they estimate could improve earnings by 2.0 to 4.0 per cent of the oil-marketing sector. At present, they said ‘market-weight’ outlook on the sector with a potential uptick in margins is the key trigger. Top pick is Pakistan State Oil (PSO), as the government is looking at increasing gas holidays. The measure to increase gas holidays is likely to save around 120 million cubic feet per day (MMCFD) of natural gas, where the country is bracing for a shortage of 600 MMCFD in the upcoming winter season. They estimated and suggested this was likely to generate additional demand of 280,000 tonnes for petrol during the winter. According to statistics, on base of working on the latest annual Oil Companies Advisory Committee (OCAC) statistics, where CNG stations in FY11 sold 113 billion cubic feet gas, it translates into per day sales of 12,000 tonnes equivalent to petrol. The government is also considering imposing 33 per cent higher winter tariff on CNG to reduce petrol - CNG price differential to 20 per cent from 40 per cent. From gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan’s cng sector likely to face crisis Arab Today, arab today pakistan’s cng sector likely to face crisis

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 19:50 2017 Saturday ,18 February

OPEC daily basket price announced for Wednesday

GMT 04:54 2017 Saturday ,18 February

Oil prices slip as high stocks overshadow OPEC cuts

GMT 21:38 2017 Thursday ,16 February

Kuwait Oil Price Down 25 cents to $52.30 pb

GMT 14:40 2017 Thursday ,16 February

OPEC daily basket price announced for Wednesday

GMT 19:14 2017 Wednesday ,15 February

Gasoline, diesel prices increase 100 L.L.
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday