OGRA approves new CNG prices formula
Oil and Gas Regulatory Authority (ORGA) Wednesday approved new formula for CNG prices under which the production cost and profit of filling station owners have been reduced. The new CNG formula would be presented before the Supreme Court on Thursday (today) and as per the new formula the CNG prices in Region-I would be increased by Rs 4.81 per kg and in Region-II Rs 3.85 per kg.
The new formula has been designed after the decision of the Supreme Court to reduce the CNG prices. The new CNG prices is expected to be as Rs 66.45 per kg in Region-I and Rs 58.01 per kg in Region-II. — APP