CNG goes up

Seems like they cannot see people living a peaceful life. Now they have increased the prices of CNG. Oh, and natural gas also went up. Now that’s what I call a new year gift by the government.

9 Comments so far

  1. Teeth Maestro (unregistered) on January 2nd, 2006 @ 2:38 pm

    What an idiotic move – they decided to link the price of CNG with petrol – IDIOTS

  2. su (unregistered) on January 2nd, 2006 @ 4:16 pm

    hey guys look on the bright side! see, soon the gas and petrol proces would be too high for most people to afford! so instead they will switch to non petrol/gas vehicles such as….BICYCLE! and soon we will have a humnaistic,peaceful, pollution free environment!!

  3. Tariq (unregistered) on January 2nd, 2006 @ 4:46 pm

    IDIOTS is the understatement of the year, however young the reay may be :) Those morons want to bridge the gap between prices of petrol and CNG so that not everyone converts to CNG and the demand for petrol goes down the drain (like our money does now when we refuel our cars with petrol). Petrol is a big earner for the government considering it earns Rs 27-30 per litre of petrol.

  4. Inspirex (unregistered) on January 2nd, 2006 @ 6:35 pm

    The increase in the cng price is due to an increase in natural gas prices, and not vice versa.

    The reason for the increase is the fact that both our gas companies also purchase gas from refineries, which comes from crude oil.

    Our country is actually short of gas and import is on the cards to meet the need in the next 4-5 years.

  5. Ali Chishti (unregistered) on January 2nd, 2006 @ 11:11 pm

    theres a regularity commitee which reviews petrol prices twice in a month , astonishingly, this regularity commitee consists of ceo’s of oil refineries ( shell, caltex, pso etc.. ) ; this whole process is so dumb that even mos for petroleam can not defend it and accepts his revision of oil prices as ‘ unexplainable ‘ – obviously , no businessman or woman wants to make a loss so they fix the prices and reviews the prices every month which obviously is in there intrest and ofcourse then theres this sales tax and vat on petrol which is nosense …
    comming on cng – we have to understand the system of ‘supply and demand’ ; now that the demand of cng has broken all records obviously our elite capitalist imperialistic class * band of businessmen and there clonies* wants to blackmail us by increasing prices .
    our gas reserves has suffered shortages but we found huge natural gas reserves in Sind recently which to some are bigger then sui and we had record investment in gas exploration which is mainly targeted inside waters ( sea ) –
    our government has a very good idea of revenue collection that since theres no farmer,businessman, tribal and feudal pays tax why not charge indirect taxes from the lower and upper middle class so make it up …
    and you have to be a major in economics to reach to a conclusion that capitalists are exploiters ..

  6. SKETCHER (unregistered) on January 3rd, 2006 @ 12:25 am

    I wonder for how long people of Pakistan will be treated like this. There has to be an END to all this. I feel totally helpless.

  7. Tariq (unregistered) on January 3rd, 2006 @ 8:45 am

    @Ali Chishti- If the mos for petroleum doesn’t know the working behind the fuel price revisions then frankly he isn’t even fit to work as a chaprasi in an OMC. The government’s bewilderment at fuel price changes is honestly bull**it! Every fortnight once the OCAC has revised/reviewed the prices the proposal goes to the PM House in Islamabad who then gives the final approval. So don’t tell us that the government is helpless in the hike in fuel prices!

  8. zain (unregistered) on January 3rd, 2006 @ 4:55 pm
  9. Sarwar (unregistered) on January 3rd, 2006 @ 10:47 pm

    Raising price on Petrol, CNG, Electricity etc is a form of indirect tax. Typically tax is progressive, like income tax. The more you make, the more you pay. Indirect tax is regressive. The less you make, the more you pay (greater percent of your income).

    Who pays their fair share of taxes in Pakistan other than the yoked salaried middle class? As long as the government cannot spread the tax base and collect taxes, it will resort to indirect taxes.

    Pakistan desperately needs tax reform. Hong Kong is the model example. Straight 15% tax. No loopholes, no exceptions. The tax is fair so people don’t look for ways to avoid it. They would rather pay it and be done with it. Sadly this would never be allowed in Pakistan. The biggest resistance will come from the Tax Department itself. By imposing high taxes, they force people to cheat, and that becomes their under the table income.

    On that note, happy new year to all.


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