Don't Dump CNG Sector

Byline: Ali Sheikh The unclear government policy has created fears among the investors and other stakeholders of CNG industry about its future, their investment in this fast growing environment friendly and economical fuel business which is saving billions of dollars of foreign exchange as a replacement to oil import. They have invested billions of rupees in CNG sector for establishing CNG filling stations, CNG conversion centres and CNG kits and their spare parts selling and marketing. Besides, the motorists have also spent billions of rupees in the installation of CNG conversion kits in their vehicles. They are asking the government to stick to the policy of maintaining a reasonable difference in the prices of petrol and CNG under 1994 petroleum policy to make the later 50 percent cheaper fuel than motor gasoline for motorists.