Ogra issues notification of CNG fresh prices

Islamabad - The Oil and Gas Regulatory Authority (Ogra) has issued notice of new costs of Compressed Natural Gas (Cng) according to the judgment of the zenith court, yet apparently on a day ago of the due date given by the summit court.Ogra issues notification of CNG fresh prices.

The Supreme Court on tenth December had announced the gathering of extra 9 for every penny Gst in Cng cost as invalid and void and requested the Ogra to issue a notice of new costs of Cng inside seven days. On finding zenith court choice relating to suspension of a duty on Cng, the Federal Board of Revenue (Fbr) had submitted a survey appeal to with the summit court. Notwithstanding, the honorable court has so far not allowed the stay request to the focal income era figure (Fbr) that was discovered stressed to some degree over the choice of suspension of 9 percent Gst in Cng cost by the Sc.  According to Ogra's warning relating to new costs of modest fuel (Cng) for above three million vehicles, the new cost of Cng for Region-I am Rs74.25/kg while Rs66.14/kg for Region-II. New costs have been advised according to the judgment of Supreme Court.
Interestingly, Ogra has issued notice of new costs of Cng on the day when the given furthest reaches of Sc for the warning was set to expire. So far it had exploited given point of confinement of the Sc relate to issue the notice of Cng costs.  The zenith Court in its judgment had requested the power (Nepra) to issue notice of new costs of Cng inside seven days.  Well-educated sources prior told that high-ups at the Federal Board of Revenue have verbally required the top weapons from the administrative power not to issue another notice relating to diminishing in Cng costs. What's more, Ogra while succumbing to the weight of Federal Board of Revenue had not diminished the costs of Cng before its expiry date.

 They likewise told that costs of Cng might not witness up to Rs 1.23/kg lessening of if the Supreme Court awards stay request to Federal Board of Revenue (Fbr).

Ogra has worked out new costs of Cng and will issue a warning relate to lessening in the costs of Cng in the light of Sc choice if the Supreme Court does not allow stay request to the Federal Board of Revenue, they included.

At present, the characteristic gas supply to Cng filling stations is suspended in Punjab taking after a choice of Sui Northern gas pipelines. Apparently, Cng filling stations might not find gas throughout January and February while in March and April they might find a gas supply for a week. Be that as it may, the destiny of gas supply restoration throughout the month of December for the Cng filling stations is hinge on upon the interest of gas by household and mechanical buyers, some power plants, tandoors etc.