OGRA ap­proves new CNG prices for­mula

The Pak Banker - - Front Page -

IS­LAM­ABAD

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

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