After petrolium, CNG price may go up by Rs10 per kg

After petrolium, CNG price may go up by Rs10 per kg

KARACHI: Just after the rise in petroleum prices, CNG is going to be cosrlier of rupees 10 per kg.

The price of Compressed Natural Gas (CNG) may go up by about Rs10 per kilogramme from July 1, reported a news channel.  The All Pakistan CNG Association’s Sindh zone coordinator Sameer Najamul Hassan said in a statement that the price of CNG will be jacked up by Rs10 per kg. CNG would cost Rs135 per kg from July 1, he said.

He said the federal government has increased GST on CNG in the budget for the fiscal year 2021-22. GST on Regasified Liquefied Natural Gas (RLNG) has been increased from 5 per cent to 17 per cent, he added.

Hassan said 90 per cent of the CNG stations in Sindh have switched to RLNG.

On June 9, the Oil and Gas Regulatory Authority (Ogra) revised prices of imported Liquefied Natural Gas (LNG) for the month of June.

According to a notification issued by the regulator, per unit price of imported LNG has been increased by $0.08 to $10.3326 for Sui Northern Gas Pipelines Limited (SNGPL). Whereas, the rate of imported LNG has been hiked by $0.57 to $10.0497 per MMBTU for Sui Southern Gas Company (SSGC).