Govt to maintain 30% price parity for LNG with petrol: Khaqan Abbasi

Abbasi explained that international sanctions constitute the major hurdle for the I-P pileline. PHOTO: AFP/FILE

Promising to keep a 30 per cent price parity with petrol, minister for petroleum and natural resources Shahid Khaqan Abbasi instructed the CNG station owners on Thursday to convert their stations to Liquefied Natural Gas (LNG), reported Radio Pakistan.

As gas stations across Punjab restart after a three month long closure, Abbasi said the government will keep maintain a price parity of 30 per cent below oil prices for LNG.

Talking to a delegation of Rawalpindi Chamber of Commerce and Industry on Thursday‚ the minister said CNG station owners have already been asked to convert their stations onto LNG.

I-P gas line

As the foreign office spokesperson told reporters that Pakistan remains committed to the stalled multi-billion dollar gas pipeline with Iran, Abbasi explained that international sanctions constitute the major hurdle.

He informed that a project to import gas from Turkmenistan will take up to four years to complete.