CNG bomb to hit nation soon

After an incessant hike in petrol price by Rs 4.15 per litre hit nation in the wee hours on Friday, the federal government is likely to raise Comprised Natural Gas (CNG) price by Rs 6.30 per kilogram during the month of October. Sources said that CNG association has pleaded government to increase price of gas by Rs 2/ kg, excusing that heavy usage of generators for smooth functioning of CNG pumps in the face of unprecedented electricity load-shedding, has resulted in additional burden of expenses upon owners. Also, the government has resolved imposition of levy mounting to Rs.4 /kg on CNG which would combine to make a raise by Rs 6.30 per kg. The fresh levy would probably be imposed during October this year. On the other hand the price of LPG has been reduced by Rs 5 a kilogram turning out to be an overall reduction of Rs 60 in price of a domestic cylinder while the price of a commercial cylinder has witnessed a visible decrease amounting to Rs 240 in open market.

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