CNG price
The government is thinking of doubling the present price of CNG. If the decision is implemented it would be extremely detrimental to environment of Dhaka metropolitan city as well as a bad sign for investors. Environmentally, CNG is known as a cleaner fuel. In order to save Dhaka Metropolitan city from the menace of environmental degradation, CNG was commercially introduced in 2001.The job was not easy. It took RPGCL, a company of Petrobangla, about 20 years of relentless efforts to popularize CNG in the country. A lot of concessions like low price of CNG as an automobile fuel, 100% duty free import of equipment of CNG stations, allotment of government land etc were given by the government to attract private investors in this sector which was hitherto controlled by the government. The sector grew at a faster rate with the active participation of private investors. More than one billion dollars of investment has been in the sector which is now established on a sound footing. The result is a cleaner environment of Dhaka city which we could not imagine had not CNG been introduced as an automotive fuel. The economic benefit was also tremendous. With the consumption of about only 100 mmcf of gas per day as CNG in the automobiles(which is only 5% of total gas consumption in the country) more than 1 billion dollar worth of foreign exchange is being saved every year in terms reduction of import of liquid hydrocarbon fuel because of use of CNG. Our government is also conscious about environment and it is hard to believe that they will take any decision which will encourage people to go back to use of liquid fuels to run automotive vehicles at the cost of such a hard earned cleaner environment of Dhaka city.
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