CNG prices likely to hike on July 1

ISLAMABAD: 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, media reported.

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 Senate.

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

According to the report, 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.