OGRA submits reply in CNG price case

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has submitted reply in the Supreme Court pertaining to CNG prices, Geo News reported.

Two-member bench headed by Justice Jawad S Khawaja was hearing the case.

OGRA in its reply stated that the authority received 6,471 applications of them temporary licenses were issued to 6,154 and permission for 3,395 marketing licenses were allowed from 2002 to 2011.

CNG stations were fined for about Rs10.7 million in three years besides issuing show-cause notices to 380 and warnings to 131 outlets. Around 1273 pumps were inspected, the statement added.

OGRA further says that as per 1992 CNG rules, it is not necessary to submit audit accounts and income tax returning, adding it is also not mandatory for issuing licenses, however, five pumps have submitted their audit accounts.

Meanwhile, FBR report says that during 2009 to 2011 Rs4.9 billion taxes were collected from the CNG sector.