| GEO Business|
| PM forms committee to review rise in gas tariff|
| Updated at: 2059 PST, Tuesday, July 08, 2008|
ISLAMABAD: Prime Minister, Yousuf Raza Gilani has formed a committee to review the recent increase in gas tariff and in this regard present its report in a week.
Sources told Geo News that Federal Minister for Finance, Naveed Qamar heads the committee which will also review the input and output price of CNG.
The aim of the committee is to ensure supply of gas to the consumers at a justifiable rate.
Before the recent rise in gas prices, the government was providing gas to CNG stations at Rs16.49 per kilogram while its retail price was Rs38.25 per kg.
After rise in gas price, the government is providing gas to CNG stations at Rs22.07 per kg while the stations are selling CNG to end consumers at Rs48.36 per kg.
The committee will come up with recommendations to put and end to the unjustifiable profiteering of the CNG stations.