OGRA prepares new CNG price formula

KARACHI: Oil and Gas Regulatory Authority (OGRA) has chalked out a formula for new CNG prices and sent it to the ministry of petroleum for approval, Geo News reported.

OGRA spokesman said the new price formula has been prepared as per the directions of Supreme Court.

According to the formula, OGRA has suggested Rs70.20 per kg for region I and Rs63.66 per kg for region II.

The present prices of CNG in region I and II stands at Rs61.64 and Rs54.16 per kg respectively.