Ministry of Petroleum approves hike in CNG price

ISLAMABAD: The Petroleum Ministry Sunday approved a raise in Compressed Natural Gas (CNG) prices, following a 9 percent increase in General Sales Tax (GST) on the commodity, Geo News reported.
According to sources, the CNG price in region 1 (Potohar, Khyber Pakhtunkhwa and Balochistan) has been hiked by Rs2.54 to Rs75.48 per kilogram.
On the other hand, CNG price in region II (Sindh and Punjab) has been raised by Rs1.85, pushing it up Rs66.75 per kg. The new prices would be effective from midnight today (night between Sunday and Monday). (Agencies)

Govt announces subsidy on POL products to partially cancel out hike

ISLAMABAD: Minister for Finance, Senator Ishaq Dar Sunday announced subsidy on petroleum products, partially cancelling out the hike in their prices, Geo News reported.
He approved a hike of Rs2 per liter in the price of petrol as against the earlier announcement of Rs2.66 increase. Similarly, the rate of diesel has been revised and now the new price will reflect a rise of Rs2.16 a litre.
Dar announced a subsidy of 66 paisas per litre on petrol and Rs1.50 a litre on diesel. (Monitoring Desk)