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Petroleum ministry makes amendments to the OGRA Ordinance 2002, says Sindh, KP CNG stations to decide gas prices

KARACHI: The Ministry of Petroleum and Natural Resources on Tuesday issued a notification in which it stated that the Economic Coordination Committee (ECC) has deregulated the pricing of Compressed Natural Gas (CNG) in Sindh.

The ministry stated in the notification that CNG station owners now have the power to set prices and profit ratios arbitrarily.

Previously, Oil and Gas Regulatory Authority (OGRA) had the authority to decide the prices,” said the ministry.

To implement the decision, the ministry said it will make the necessary amendments to the OGRA Ordinance, 2002.

Commenting on the decision, Chairman of the Supreme Council of the All Pakistan CNG Association, Gayas Paracha, said, “The government’s decision will give the dying sector a new lease on life. The Rs450 billion industry has been saved from destruction.”

From now on, CNG stations will charge for the litre rather than kilogramme. The pricing of CNG had previously been deregulated in Khyber Pakhtunkhwa and Punjab.

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.