Gas companies’ UfG growing alarmingly despite spending billions to arrest losses; OGRA should reverse raise in average gas price

The Federation of Pakistan Chambers of Commerce & Industry’s ruling group has opposed the OGRA to allow SNGPL to raise average gas price for all categories of consumers for 2020-21 by Rs13.42 to Rs 644.84 per mmbtu. Expressing serious concerns over the constant hike in gas rates, FPCCI ruling party… Continue reading

Gas tariff hike by OGRA will be illegal As per OGRA law, Govt cannot reduce or increase gas price

The All Pakistan CNG Association (APCNGA) on Wednesday rejected the move by the SNGPL to increase the price of natural gas terming it unacceptable as it will damage the fragile economy. Seeking at a public hearing organized by OGRA, Ghiyas Abdullah Paracha, Central Chairman APCNGA said that the earlier price… Continue reading

Independent audit into excessive gas billing planned

ISLAMABAD: Government has decided to conduct an independent audit of the gas billing for December 2018 through external auditors in addition to the inquiry regarding excessive billing already conducted by the Petroleum Division. Finance Minister, Asad Umar, chaired meeting of the Cabinet Committee on Energy (CCoE) to look into the matter… Continue reading

Customs Adjudication imposes conditional penalty on SNGPL

KARACHI: Collector Customs Adjudication Chaudry Muhammad Javaid has imposed a conditional penalty on M/s Sui Northern Gas Pipelines (SNGPL) for evading duty/taxes and claiming inadmissible of concessionary SRO. Collector Adjudication has linked the verdict with the report of Engineering Development Board (EDB) that whether the gas meters imported by M/s… Continue reading