CNG pricing committee meets

ISLAMABAD: The committee formed to resolve the CNG price issue met here on Monday. The committee which is headed by Law Minsiter Farooq Naek evaluated the pricing formulas presented by OGRA.

Naek also expressed his anger over the failure of the petroleum advisor and secretary over their failure to attend the meeting.

The committee was formed by the Economic Coordination Committee to make policy guidelines for a CNG pricing formula. The meeting was attended by OGRA Chairman Saeed Ahmed Khan, DG Gas Shahab Alam, Secretary Cabinet Nargis Sethi, CNG Association representative Ghayas Paracha and the Chairman CNG dealers association Abdul Sami Khan.

The committee will next meet on December 26. Speaking to the media following the meeting, Law Minister Naek said CNG prices would be determined in light of the Supreme Court’s order.