CNG Prices rise drastically across Pakistan

CNG Prices rise drastically across Pakistan

*ISLAMABAD: **Compressed Natural Gas Prices rise drastically across Pakistan. *

*The government has issued notification to raise the sales tax rate on the Compressed Natural Gas (CNG).*

The CNG consumers would have to pay Rs69.57 per kilo tax on the CNG supply in region-I, while the region-II consumers would have to pay Rs74.04 per KG sales tax, according to the notification.

The government has increased sales tax for Region-1 from existing Rs64.80 to Rs74.04 per kg, whereas for Region-2 from present Rs57.69 to Rs69.57 per kg.

According to Federal Board of Revenue (FBR), the region-I comprises of Khyber Pakhtunkhwa, Balochistan, Rawalpindi, Islamabad and Gujjar Khan.

Sindh, Pothohar region and other parts of Punjab are part of the region-II, the taxation authority said.

The new rates of sales tax on CNG will come into effect from July 1st.

All Pakistan CNG Association (APCNGA) Chairman Ghayas Piracha, commenting over the hike in sales tax rate said that the CNG price will enhance upto 21-22 rupees per kilogram.