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CNG pricing: OGRA chief says no consensus with dealers

SAMAA | - Posted: Dec 5, 2012 | Last Updated: 9 years ago
SAMAA |
Posted: Dec 5, 2012 | Last Updated: 9 years ago

Staff ReportISLAMABAD: The OGRA has failed to reach a consensus with dealers of the Compressed Natural Gas (CNG) over new pricing formula as Supreme Court resumes hearing of the case seeking details of audit and licences, SAMAA reported.Speaking to reporters outside the apex court on Wednesday, Chairman Oil and Gas Regulatory Authority Saeed Ahmed confessed that the authority has yet to reach a consensus to end the row.He claimed that OGRA, which is an autonomous body, wants to slash the fuel price prevailing even before Nov 19 “but the dealers are not cooperating in this regard”.To a question about reducing levy on CNG sector, Ahmed said “it’s authority of the government. It can do, and not the OGAR.”On Wednesday, the Supreme Court rejected a plea of CNG station owners for hike in the gas price and sought details from OGRA about CNG licences with audit reports.The court sought details from OGRA as to how many applications were received for CNG stations licences; how many of them were accepted; how many licence requests were rejected and how many accepted.The hearing will resume Thursday. — SAMAA

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