ISLAMABAD - Following its previous design to close down once robust CNG business in phase wise across the country, petroleum ministry has now dispatched a summary to the federal cabinet’s economic coordination committee (ECC) seeking closure of those CNG stations, which have completed 15 years time period, sources said on Monday.

The Sources aware of the matter told that future of CNG business is bright or not decision would be taken on Thursday in the ECC meeting as petroleum ministry in its sent summary to the highest economic forum (ECC) has sought closure of CNG stations which have completed 15 years time period. Though five years extension to the licence of CNG stations is permitted in Ogra as per CNG rule 7, yet to materialise its ‘foul design’ of closure of CNG business, the ministry has resolved that Ogra should not give five years extension to those CNG stations licences, which have completed 15 years time. Influential Advisor to Prime Minister on petroleum & natural resources Dr Asim Hussain is desperate to close down CNG business and kick off LPG business across the country as early as possible, a source said. 

The ministry in its sent summary has said that as a single unit of gas is precious so gas should not be provided to those CNG stations which have completed 15 years time period and CNG stations should be allowed to start Liquefied Petroleum Gas (LPG) business on their stations. And, the ECC should issue policy guidelines to Ogra advising the regulator to stop giving five years extensions to not only those CNG stations which have completed the said 15 years duration but also to cancel their licences which have already gotten extensions. The ministry has also sought suspension of gas supply to such stations.

It merits mentioning here that Planning Commission, Ogra and Finance Ministry have supported the summary of petroleum ministry seeking closure of CNG business. However, the decision would be taken on March 7 in the upcoming meeting of the Economic Coordination Committee (ECC) of the cabinet.