Soaring petrol prices: Punjab resumes gas supply to CNG stations


Petrol prices

LAHORE: Authorities in Punjab have resumed provision of Liquified Natural Gas (LNG) to Compressed Natural Gas (CNG) stations, as a more affordable alternative keeping the rising petrol prices in view.

Sui Northern Gas Pipelines Limited (SNGPL) has advised CNG station operators to contact the relevant regional office to restore their gas supply.

Meanwhile, Pakistan State Oil (PSO) has experienced a significant downturn in the sale of petrol and other petroleum products mostly due to rising prices. During the first five months of the current fiscal year, PSO recorded a 19 per cent decline in sales compared to the same period last year.

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From July to November, PSO’s sales volume of petroleum products was 3.26 million tons, marking a 19 per cent decrease from the 4.02 million tons sold during the same period in the previous fiscal year.

In November alone, PSO sold 0.71 million tons of petroleum products. This figure represents a 14 per cent increase from October’s sales but is 12 per cent lower than the sales in November of the previous year. In comparison, October sales were 0.63 million tons, and November sales last year were 0.81 million tons.

For the first five months of the fiscal year, PSO’s sales volumes were as follows: petrol – 1.40 million tons, high-speed diesel – 1.55 million tons, and furnace oil – 0.11 million tons.

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