CNG prices may surge 15% in April

Published: March 31, 2012

Move aimed to discourage use of the fuel for transportation.

ISLAMABAD: In a bid to discourage use of CNG, the government may surge compressed natural gas (CNG) prices around 15% from April by tweaking the parity rate with petrol price and increasing a tax.

At present, CNG price is at 53% parity of petrol price that will be increased to 55%,” a senior official of petroleum the petroleum ministry said adding that the government had already imposed 80% Gas Infrastructure Development Cess (IDC) on CNG.

“Now, the remaining 20% cess will be imposed on CNG that would raise prices,” official said adding that the total impact of increase in CNG price would be over Rs9 to Rs12 per kg.

In region-1, CNG price will be increased by Rs11.58 per kg whereas in region-2, the price of CNG will be hiked by Rs9.93 per kg.

After notification, the new price of CNG will be Rs88.70 per kg in Khyber-Pakhtunkhwa, Balochistan and Potohar Region (Rawalpindi, Islamabad and Gujarkhan) and Rs80.98 per kg in Sindh and Punjab (excluding Potohar Region).

“The measures are being taken to discourage the use of CNG in vehicles, particularly private vehicles, keeping in view the increasing energy crisis,” official said.

Published in The Express Tribune, March 31st, 2012.

 

Reader Comments (3)

  • rafat
    Mar 31, 2012 - 12:41PM

    why we all people are bearing these issues why don’t we come across road and do a protest on national level we are in majority so when our people awake please help ourselves….

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  • Aijaz Yousaf
    Mar 31, 2012 - 7:16PM

    its very unfortnate with the people of pakistan are the victim of GOVT misery from last two decades. some time the thoguht goes beyound process and laughes on the politicians decision that they take and above all, gets supports from fellow ships to implement

    My basic question ” will govt let us live in this country with all unmature decisions they take ?”

    have they ever realise what is the root cause of this crisis? no one wants to work on basic philosophy . everyone tries to hide mistakes by imposing additional burdan on people.

    its byound my imagination when will we come on right track?

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  • Bitter reality
    Mar 31, 2012 - 11:26PM

    Its really a good move ,,,, As energy resources which may be used for industries to help country economy in the long run are being wasted in in unnecessary luxuries.

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