Significant rise in the prices of CNG notified

Significant rise in the prices of CNG notified

ISLAMABAD: The new significant increased prices of gas and Compressed Natural Gas (CNG), and electricity for domestic consumers will be enforced from today (July 1).

According to details, a significant increase of Rs20 will be enforced and this will take CNG’s price to Rs124 per kg in Sindh and Balochistan provinces, whereas in Khyber Pakhtunkhwa (KP), the CNG will be sold at Rs139 per kg with an increase of Rs22.

However, the new price of CNG in Punjab is Rs90 per kg with an increase of Rs4.

On the other hand, the government has decided to keep prices of petroleum products unchanged for the month of July following adjustments in tax rates, according to an official announcement.

The decision was taken to provide relief to the consumers, said a statement issued by the finance ministry. It said the government had decided not to increase the prices of petroleum products for July 2019.

The crude price in the international market had come down from April’s $72 per barrel to $64 per barrel on June 28.