Government to increase CNG rates by PKR 15

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In a fresh development, it is being reported that the government will increase the rates of CNG by PKR 15 per kilo.

As per the details, the hike in rates will affect the CNG stations in KP, Sindh, and Balochistan the most, while, on the other hand, the gas stations in Punjab will not be affected that much as almost all the gas stations have converted from CNG to LNG.

The new price of CNG is likely to come into effect from this current week. While talking to the media, CNG stakeholders said that these are deliberate efforts to convert the gas stations of three provinces to LNG from CNG in an aim to give a huge benefit to LNG terminal operators.

Read Also: Government reduces petrol prices by PKR 2.41

Earlier, when the government announced a hike in the rates of gas prices, not only commuters but the local transporters protested against the decision. Let’s wait and see how transporters and other CNG stakeholders react to this development.

The Federal Government is increasing the gas tariffs by 40%.

Apart from increasing the prices of CNG, the government has scrapped OGRA’s recommendations to increase the prices of petroleum products in the country. The authority had recommended surging the prices by up to PKR 4.41.

We want to give relief to the countrymen, said Finance Minister.

Let us know what you have to say regarding hike in the rates gas prices in the comments section below.

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