Saturday 31 March 2012

CNG likely to go up by Rs11.58/kg


ISLAMABAD: The government is likely to raise the Gas Development Surcharge on compressed natural gas by 20 percent, which would push the per kilogram price of the CNG up by at least Rs11, 

According to sources privy to the matters, Ministry of Petroleum has recommended that CNG’s price should be at least 55 percent of the gasoline's per liter price, which currently stands at 49 percent.

A hike in the levy is seen raising the CNG retail price by Rs11.58 in Khyber PakhtunKhwa, Balochistan, and parts of Potohar region, whereas in Sindh, Punjab, and some other parts of Potohar it could go up by R9.93.

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