Daily Times
June 18, 2021
All Pakistan CNG Association (APCNGA) on Thursday warned that imposition of new and additional taxes on liquefied natural gas (LNG) will increase the price of compressed natural gas (CNG) from Rs6 to Rs9 per kilogram.
In a statement issued on Thursday, Ghiyas Abdullah Paracha, central leader of APCNGA, said the move will result in the closure of hundreds of CNG stations, leaving hundreds of thousands of employees jobless.
Paracha said that petroleum prices are increasing in the international market; therefore, the decision which can lead to the closure of the sector providing economical and environmentally-friendly fuel should be reconsidered. He said that the decision to introduce new taxes and increase existing taxes should be reversed or the CNG sector should be given local gas at subsidised rates.
Murad blames IRSA for water shortage in Sindh
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Murad says at least Rs3tr needed for development of Karachi - Pakistan
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Govt to reduce IPPs’ gas tariff by 35%
The plan will result in putting burden on consumers
PHOTO: REUTERS
ISLAMABAD:
The federal government is all set to reduce gas tariff up to 35 per cent for the independent power producers (IPPs) operating on low quality gas in a bid to rank these plants in high merit order.
This plan will result in putting burden on the consumers to cross-subsidize the gas for power plants and the rate of federal excise duty may also go up.
According to the current formula, the government prioritizes the operation of those power plants which operate on cheaper fuel – dedicated gas which is low quality and cannot be transported to domestic consumers. Power plants and fertilizer sectors use this gas.