OGRA sets LPG cost during Rs900 per domestic cylinder
ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has finally come into movement to umpire a cost of Liquefied Petroleum Gas (LPG), environment it during Rs900 per domestic cylinder following a justice order.
The supervision had been incompetent to exercise a preference of a Council of Common Interests (CCI) to umpire prices of Liquefied Petroleum Gas (LPG) given a past year due to a debate between a petroleum method and a regulator.
The Ministry of Petroleum and Natural Resources had been essay to a regulator to exercise CCI’s decision-of controlling LPG prices-but Ogra used several strategy to check a doing of a decision, that led to LPG dealers benefiting billion of rupees.
Following a Lahore High Court’s decision, Ogra had set LPG producers cost including dig avocation during Rs36,808 per metric ton. The regulator set limit LPG consumer cost including ubiquitous sales taxation during 76,500 per metric ton, while a cost for 11.8 kg domestic cylinder is Rs900.
The CCI, an inter-provincial physique with illustration from all provinces, authorized a offer of controlling LPG prices in a assembly on Feb 29, 2016. After that, a Ministry of Petroleum suggested Ogra on Mar 24, 2016 to set a LPG cost for domestic and blurb consumers during Rs895 per 11.8kg cylinder.
Despite steady advices by a petroleum ministry, Ogra was demure to exercise a preference to deregulate LPG prices opposite a nation to guarantee interests of a consumers.
Published in The Express Tribune, Feb 9th, 2017.
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Article source: https://tribune.com.pk/story/1321051/ogra-sets-lpg-price-rs900-per-domestic-cylinder/