Home » Latest World News, Pakistan » CNG association rejects OGRA price formula
Nov
30

Most of the CNG stations across the country have been closed as the CNG association and OGRA failed to build consensus on prices.

CNG shortage irks consumersOn Thursday, Oil and Gas Regulatory Authority (OGRA) prepared a new CNG pricing formula and submitted it to the Ministry of Petroleum and Natural Resources in order to seek policy guidelines regarding the taxation of the sector.

According to the formula, the new price of CNG was recommended to be Rs 72.20 and Rs 63.46 per kilo for Region-I (Islamabad, Balochistan and Khyber Pakhtunkhwa) and region-II (Punjab and Sindh) respectively.

However, the CNG association rejected the formula, saying that the matter was sub judice, therefore, the prices should not be fixed. OGRA’s move violates Supreme Court’s ruling, the association said.

On the other hand, the OGRA spokesperson said that the new formula was finalised in the light of SC’s directives.

The association spokesperson said that the filling stations would be remained close until the settlement of price issue.

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