CNG Cylinders being sold in black market

The government has burdened the public by banning the import, buying and selling of CNG tanks which instead will lead to inflation of the prices of CNG tanks and also, prices of cars.

Car sales are expected to drop by 20% owing to the government’s decision to ban import of compressed natural gas (CNG) kits and cylinders. Suzuki being the largest car manufacturer in the small car segment is the worst hit from this decision to factory fitted CNG vehicles. KASB Securities lowered Suzuki’s earnings per share by 7%.

CNG Cylinders being sold in black market

Dealers in the city have started black marketing of CNG kits and cylinders by charging Rs5,000-15,000 more from the buyers in just 24 hours of the government’s decision of imposing ban on import of CNG kits and cylinders.

Those CNG conversion centers, who were previously demanding Rs25,000 for new 50-kg capacity cylinder with kit depending on kit size, on Friday jacked up the rates to Rs33,000. The 60-kg cylinder with kit now carries a price tag of Rs42,000-45,000 as compared to Rs38,000. Some dealers at the new M.A. Jinnah Road were seen demanding Rs10,000-Rs15,000 extra for 60 kg cylinder with kit.

Central Chairman of All Pakistan CNG Association Ghiyas Abdullah Paracha has rejected the decision and has cried that the government must take back its illegal decision or they would move to Supreme Court, but no action has been taken. It has affected the public in two ways: firstly, no CNG fitted car they had to pay black money to get cylinders, secondly, this has resulted in increased prices of the cars.

Ahmed butt