GoP ripping off CNG Consumers
A controversy is going on regarding fair price of CNG.
Cost of gas Rs28.65
Taxes 20.50
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Cost 49.15
Operating cost of CNG stations 21.00
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Amount to be charged from consumer 70.15
Price fixed by apex court 54.16
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Loss incurred by CNG stations Rs15 .99
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Based on the data provided by CNG stations they are incurring a loss of Rs16/kg.
Despite the fact that one does not have the authentic information, it is clear that that GoP is collecting total Rs21/kg taxes.
Ideally the GoP must immediately withdraw Gas infrastructure Development Tax amounting to Rs10.95/kg.
Gas infrastructure (transmission and distribution infrastructure) is owned by exploration and production and gas marketing companies and not the GoP.
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