CNG prices likely to go up on July 1

CNG prices likely to go up on July 1

ISLAMABAD, (SANA) : The CNG prices are likely to go up on July 1 as 39 paisas per kilogram increase will take place in Regio-1 and 46 paisas in Region-2 after one percent addition in GST.

According to a private TV channel report here on Wednesday, it is expected that the CNG prices will mount up on first day of July, after approval of Finance Bill-2013-14 from the National Assembly and the Senate.

One percent increase in GST will mount CNG prices by 39 paisas in Region-1 comprising KPK, Potohar and Balochistan.

CNG price will mount up by 46 paisas, after addition of one percent increase in GST, in Region-2 comprising Punjab and Sindh.

After addition of one percent in GST, the CNG price will go up to Rs. 77.54 in Region-1 and Rs. 64.44 in Region-2.

It is worth mentioning here that the government was collecting additional 9 percent GST from the CNG sector and the Supreme Court has cancelled that.

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