CNG price decreased by Rs30.90/kilo in Potohar, Balochistan and KP while in Sindh and Punjab, it has been decreased by Rs30.38/kilo. New price will be implemented from November 1.
After so many years, Pakistanis are entitled to some good news after Supreme Court said that the pricing mechanism for CNG is illegal and that there is no linkage between petrol and CNG while ordering OGRA to revise prices as soon as possible.
Following orders from Supreme Court, Chairman of Oil and Gas Regulatory Authority (OGRA) Saeed Ahmed Khan submitted a report which stated that the owners were making Rs11 per kg profit on CNG and the operating cost were as low as Rs20 per kg.
Chief justice said while hearing the case that the tariff for consumers should also be determined biannually rather weekly. He observed that Ogra is a regulatory body and as such neither the government nor the court should influence it in its functioning.
CJ further stated that there must be a mechanism under which Ogra should implement its policies as a regulator and should ensure the interests of the consumers.
Moreover, CJ also inquired what made the price of CNG rise from Rs25 to Rs92 per kilogram.