CNG Prices Increased After Hike In Petrol Prices

06 Oct 2021

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CNG Prices Increased After Hike In Petrol Prices

The Petrol Prices are already hiked all time high previously and now the government has also increased the price of CNG due to global price hike.

According to details, the Punjab government has announced a price hike on Compressed Natural Gas CNG up to 8 Rs per litre in while the Sindh government increased the price of CNG by 15 rupees per kg in the province. After effect of new prices, the price of CNG sindh reached 184 rupees per Kg and in Punjab the price of CNG became 123 rupees per Liter.

CNG Price Hike Factors

According to the All-Pakistan CNG Association Group Leader Ghayas Paracha, these factors led to the increase in CNG prices.

 On-the-spot buying of Liquefied Natural Gas LNG cargo at very high rates
 Increase of General Sales Tax GST on LNG import from 5% to 17%
 Imposition of 5% customs duty on LNG import
 Inflation of dollar rate

The chairman further said:

“However, the good thing is that the price will start lowering from next month since the government would get two LNG cargoes each month from Qatar under a long-term 10-year agreement,”

CNG CNG Price Petrol Prices Petrol CNG Price Decrease

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