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.