GST imposed: POL, CNG prices soar

ISLAMABAD: People suffered multiple blows following the imposition of general sales tax (GST) that subsequently increased the prices of petroleum products, CNG and other products including mobile calling cards.
The price of petrol has been raised by Rs 2 per litre and that of high speed diesel (HSD) by Rs2.16, according to an official of the Oil and Gas Regulatory Authority (Ogra).
The petroleum ministry has also imposed an additional nine per cent GST on CNG, increasing it to 24pc. As a result, the price of CNG has gone up

by Rs2.54 to Rs75.48 per kg for Region-I (Potohar, northern Punjab, Khyber Pakhtunkhwa and Balochistan) and by Rs1.85 to Rs66.75 for Region-II (central and southern Punjab and Sindh).
After the adjustment in levy, the new ex-depot price of petrol will be Rs101.77 per litre, Rs2 more than the previous rate of Rs99.77, and that of HSD will be Rs106.76, Rs3 more than the earlier rate of Rs104.60.
The prices of kerosene have been raised to Rs96.29 per litre from Rs93.79, light diesel to Rs92.17 from Rs89.13 and high octane blending component (HOBC) to Rs126.77 from Rs124.41.
Besides the import parity price of petroleum products and profit margins of dealers and oil companies, the government charges petroleum levy at Rs14 per litre on HOBC, Rs10 on petrol, Rs 8 on HSD and Rs6 on kerosene.
The government has also started charging 17pc GST on sale price of petroleum products, one per cent more than the previous rate of 16pc.
Meanwhile, approximately Rs 23 will be deducted from the mobile phone users on a recharge of Rs 100. (Agencies)