The pricing mechanism of the Compressed Natural Gas (CNG) has been agreed upon between the Oil and Gas Regulatory Authority (OGRA) and the CNG stations owners. According to the media reports, the price of the fuel gas has been fixed at 72.20 per kilogram for the region-1 and Rs.63.76/kg for the region-2. It should […]
Motorists and commuters are facing great difficulties as gas stations across the country, except a few, are remained out of order for the third consecutive day in protest against reduced tariffs on orders of the Supreme Court. To add an insult to an injury, the Oil and Gas Regulatory Authority (OGRA) has said: “The […]
Nov 28 2012 | Posted in
Pakistan,
Society |
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The Supreme Court on Thursday ordered Oil and Gas Regulatory Authority (OGRA) to maintain the current prices of CNG until the next hearing of the case pertaining prices of petroleum products. A two-member bench of the apex court headed by Chief Justice Iftikhar Mohammad Chaudhary resumed the hearing of the case in which the OGRA […]
The system of the change of the prices of petroleum products has come under severe criticism of late and all the voices raised talk that the system the adjustment of fuel prices on a weekly basis suffers from a severe anomaly in. In the first instance, the National Assembly Standing Committee on Petroleum expressed its […]
Oct 29 2012 | Posted in
Opinion |
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Declaring linkage of CNG (Compressed Natural Gas) prices with those of other petroleum products illegal, the Supreme Court of Pakistan on Thursday issued an interim order in a case about weekly review of gas prices. A two-member bench of the apex court headed by Chief Justice Iftikhar Muhammad Chaudhary ruled that the court said that […]
Lashing out at bureaucracy, the Supreme Court Wednesday questioned the method for reviewing petroleum prices on a weekly basis and its linkage to CNG (Compressed Natural Gas) prices. A two-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry heard the case on mechanism of fixing petroleum prices and of linking prices of gas to petrol. […]
The Supreme Court of Pakistan has issued orders to the authorities concerned to immediately arrest former chairman of the Oil and Gas Regulatory Authority (OGRA) Tauqir Sadiq and initiate proceedings against him in accordance with the laws of the land. A three-member bench of the apex court with Chief Justice Iftikhar Muhammad Chaudhry in the […]
Oct 2 2012 | Posted in
National,
Pakistan |
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In its weekly revision of petroleum prices, the government has dropped another petrol bomb on poverty-stricken masses, by increasing prices of petroleum products up to seven rupees. Taking effect from September 17 (Today), the Oil & Gas Regulatory Authority (OGRA) has notified the change of petroleum products prices once again. Earlier, the ministry of finance […]
Islamabad: (Tuesday, August 07, 2012) National Accountability Bureau (NAB) has informed the Supreme Court that the former prime minister Yousuf Raza Gilani and the incumbent PM Raja Pervaiz Ashraf both were involved in the illegal appointment of former OGRA chairman Tauqeer Sadiq. Headed by Chief Justice Iftikhar Muhammad Chaudhry, a three member bench of the […]
Aug 7 2012 | Posted in
Pakistan,
Politics |
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The government on Tuesday dropped another petrol bomb on poverty-stricken masses, by increasing prices of petroleum products up to seven rupees. Following a rise in global oil prices, the government hiked the prices of petroleum products effective from today. Following an increase in petrol prices, the price of Compress Natural Gas (CNG) has also been […]
Islamabad: (Wednesday, July 25, 2012) Considering the increasing crude oil prices in the Asian market, POL prices are likely to go up in Pakistan as well. According to a source at the Ministry of petroleum and Natural Resources, increase in prices have become a must as the price of oil in international markets has gone […]
Jul 25 2012 | Posted in
Business,
Pakistan |
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Islamabad: (Thursday, July 12, 2012) Contrary to the earlier news according to which a summary for bringing the POL prices down further was to be sent to the government for approval, on lateral thoughts, the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the government seeking permission to increase the petroleum prices […]
Jul 12 2012 | Posted in
Pakistan |
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