|CNG stations not slashing price to lose licence|
27 October 2012
ISLAMABAD: Adviser to the Prime Minister on Petroleum Dr Asim Hussain warned on Friday that the government would revoke the licences of CNG stations that did not comply with the Supreme Court’s order to slash the CNG price.
Taking notice of the closure of CNG stations in different cities, Dr Asim said that teams had been formed to inspect the overpricing and closure of CNG stations across the country. He maintained that the government would not allow the CNG mafia to take undue advantage of the situation.
He threatened to revoke the licences of CNG stations that would fail to implement the SC ruling. Earlier, central president of the All Pakistan CNG Association (APCNGA), Ghayas Paracha, confirmed that CNG supply would resume across the country in line with the Supreme Court’s ruling.
He said that the CNG association would take up the issue with the Oil and Gas Regulatory Authority (Ogra) to finalise a new gas pricing formula.
Paracha claimed that the CNG owners would have to pay Rs6 to Rs7 from their own pockets under the current price.
Earlier on Thursday, the Supreme Court of Pakistan directed Ogra to slash the CNG price after it ruled that linkage of CNG with petroleum products was unlawful. Following the Supreme Court’s ruling, Ogra issued a notification of reduction in the CNG prices by up to Rs30.90 per kg with immediate effect.
However, despite the notification, the CNG is being sold at old rates in different parts of the country while many of the CNG stations were closed down after the issuance of the notification.
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