ISLAMABAD: CNG has been trudged by Rs.5.36 a kilo to Rs.71.50

Government itself disfigured their efforts of supplying relief to the public in the Holy month of Ramadan by increasing the prices of Compressed Natural Gas (CNG).

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On Tuesday, Oil and Gas Regulatory Authority (OGRA) released a notice for the hike in CNG rates. As stated to OGRA notice, the CNG prices for Region 1, which includes Islamabad, Potohar, Khyber Pakhtunkhwa and Balochistan, were raised by Rs.2.10 per kilogram to Rs.76.35.

Temporarily, for Region 2, which consists of Sindh and Punjab excluding Potohar, the price of CNG has been hiked by Rs.5.36 a kilo to Rs.71.50. The costs of CNG were lifted up in the wake of high in Gas Infrastructure Tax. As government has lifted up the Gas Infrastructure Development Cess (GIDC) rate from Rs. 100 to Rs. 200 for the fiscal budget 2014-15 and the tax levied on the CNG sector will be borne by public.

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