KARACHI - Compressed Natural Gas (CNG) is at least 55 percent cheaper compare to petrol and this price difference is likely to be maintained in future. This was stated by the Chairman Oil and Gas Regulatory Authority (OGRA) Tauqir Sadiq while talking to media at a dinner hosted by CNG Station Owners Association of Pakistan (CSOAP) here at a local hotel. Chairman CSOAP Malik Khuda Baksh, S.M. Muneer President India Pakistan Chamber of Commerce, Khalid Tawab Hon. Consul General of Mozambique, Kalim Siddiqui President Bosicor Pakistan, Abdul Sami Khan Chairman Petroleum Dealers Association, Mumtaz Hassan Khan Chairman Hascol Pakistan and others ware also present on the occasion. Chairman OGRA said that the gas price will also increase if the prices of petrol go up. Similarly, prices of gas and petrol will fall together and therefore a price difference is likely to be maintained between these two fuels, he added. He said a committee formed under the directives of Supreme Court of Pakistan is currently working on the prices of fuel and after mutual consultation this report will be submitted to the Prime Minister and then to Supreme Court. This report is likely to be submitted in less than a month and a half, he noted. To a question, he said that CNG is efficient fuel and provide better mileage compared to petrol. CNG price comes to Rs37 per litre compared to petrol and therefore on the basis of current prices of petrol and CNG the difference is still 55 percent, he observed. OGRA chief said that irrespective of whatever the price of petrol or CNG is, this difference is likely to be persisted in the total perspective. Responding to a question about pilferage, he said that OGRA was currently investigating against the gas theft by CNG stations and added that it is done in connivance with the staff of gas supplying companies. Similarly, we are also investigating short sale of CNG by filling stations to their customers, he added. Earlier, speaking at a dinner, he said that OGRA will try its best to resolve the issues and problems being faced by CNG industry. He nominated the Executive Director OGRA Moazzam Husain as focal person for resolving the matters relating to petrol and gas for the industry. He urged industry people to submit their problems in writing to OGRA so that they are given consideration. We will try to resolve all your problems, he opined. President CSOAP Malik Khuda Baksh urged OGRA chief to maintain a close liaison with industry people so that problems are resolved and the country can save precious foreign exchange. There should be a close coordination between the CNG stations owners and OGRA to understand the point of view of each other on various issues so that we can save the industry as well as the foreign exchange, he noted.