The Federal Government of Pakistan has increased the prices of CNG in the country by PKR 22 per kilogram.
It was being reported that the government owing to the increase in the prices of natural gas will also soar the rates of CNG. The action by the government has been harshly criticized by local transporters and the general public that commutes through public transport.
With the increase in rates, CNG stations in KP have jacked up the prices of CNG from PKR 96 to PKR 118 per kilogram. Moreover, on the other hand, transporters have also raised the fare. Additionally, the transporters of Karachi have warned the government to take back the decision or face the strike.
Aside from increasing the rates of CNG, the government has maintained the prices of the petroleum products in the country for October 2018. Earlier, Oil and Gas Regulatory Authority recommended increasing the prices of petroleum products by up to PKR 4.41.
As of now, the General Sales Tax on diesel is 17.5% and 4.50% on petrol. Furthermore, the sales of gasoline in the first quarter of the Fiscal Year 2019 has dropped by 2% to 1.896m tonnes whereas, on the other hand, the sales of diesel has been dropped by 19%.
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