LAHORE: The rate of compressed natural gas (CNG) in Pakistan has risen further after the federal government raised the General Sales Tax by Rs10.5 per kilogram on Tuesday.
According to the Federal Board of Revenue, a notice has been issued in this regard, doubling the GST rate on CNG, while exercising the powers provided by sub-section (8) of Section 3 of the Sales Tax Act, 1990.
The All Pakistan CNG Association (APCNGA) has condemned the government’s announcement, claiming that hiking taxes at a time when LNG rates are at all-time highs and gas prices have surged owing to a record spike in the value of the dollar is an unfair and unwarranted decision.
CNG prices have risen by a stunning 33.33 percent, or Rs50 per kilogram, since September of this year.
CNG tariffs have changed.
CNG prices soared to Rs200 per kg in Karachi with the latest GST rise, while the new pricing of CNG in Punjab increased by Rs6.89 per liter to Rs140 per liter, followed by Rs10.30 per kg in Khyber Pakhtunkhwa and Balochistan.