CNG price hike upto Rs 6.30/kg likely

ISLAMABAD: After an incessant hike in petrol price by Rs 4.15 per litre hitting the nation in the wee hours on Friday, the federal government is likely to raise Compressed Natural Gas (CNG) price by Rs 6.30 per kilogram during current month.

Sources said that CNG association has pleaded government to increase price of gas by Rs 2/ kg, saying 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.

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 is down by Rs 240 in open market

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