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CNG price increases by Rs15 in Sindh

CNG will now be available at Rs180 per kg. (Source: Online)

KARACHI: Days after petroleum prices increased across the country, the Pakistan CNG Association has increased the price of compressed natural gas (CNG) by Rs15 per kg in Sindh.

Association president Ghiyas Paracha announced that CNG will now be available at Rs180 per kg. “Prices have been increased in line with constant currency valuation and rising prices of Liquefied National Gas (LNG).

Paracha said that the price of imported gas has increased in Punjab by Rs8 and Rs15 in Sindh from today. “The increase in gas prices came on the back of the sales tax and dollar value,” he said.

The association president, while complaining about the hike, has demanded an immediate reduction in taxes from the government.

Govt increases petrol price

On Thursday, the federal government increased the price of petrol by Rs4 per litre and that of high speed diesel (HSD) by Rs2 per litre. Meanwhile, the prices of kerosene oil and light diesel oil (LDO) were increased by Rs7.05 and Rs8.82 per litre, respectively.

From Oct 1, the price of petrol will be Rs127.30 per litre, high-speed diesel will be Rs122.04 per litre, kerosene oil will be Rs99.31 and light diesel oil will be Rs99.51 per litre.

In a press release, the Finance Division said the Oil & Gas Regulatory Authority (Ogra) had worked out higher petroleum prices based on an increase in prices in the international market as well as exchange rate variations in the last two weeks.

However, Prime Minister Imran Khan had “decided against the recommendation and passed on the minimum increase in prices to the consumers”, it stated.

The government absorbed the higher international pressure of prices through a reduction in the petroleum levy and the sales tax, according to the notification. “Petroleum prices in Pakistan are the cheapest in the region,” it added.