GoP ripping off CNG Consumers


A controversy is going on regarding fair price of CNG.
Cost of gas                                                             Rs28.65
Taxes                                                                         20.50
—————————————————————————-
Cost                                                                           49.15
Operating cost of CNG stations                                 21.00
—————————————————————————-
Amount to be charged from consumer                      70.15
Price fixed by apex court                                            54.16
—————————————————————————–
Loss incurred by CNG stations                             Rs15 .99
—————————————————————————-

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.

Comments

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.