New Delhi Dec 31 (KNN) Dharmendra Pradhan, the Minister of State for Petroleum and Natural Gases has said that Compressed Natural Gas (CNG) will be sold at the concessional price during the odd hours in the National capital region to reduce the pressure at the CNG pump stations.

He was addressing a press conference in the capital.

Pradhan said that the oil sector has supported the economy in a big way so far and 2016 also will be the year of oil & gas reforms."

The has come when Qatar has agreed to lower gas price for India and waive off $1.5-billion penalty for lower offtake.

With the new arrangement, India will be able to buy additional 1 million tonne per annum of LNG from Qatar at new pricing formula. (KNN Bureau)