CNG prices to remain unchanged till Dec 17, cancel licenses of non-audited stations: SC

Posted in : Local News

(added few years ago!)

The Supreme Court of Pakistan on Thursday ordered Oil and Gas Regulatory Authority (Ogra) to cancel the licenses of non-audited CNG stations and maintain the recent prices till December 17.

A two-member bench of the apex court comprising of Justice Jawwad S. Khwaja and Justice Khilji Arif Hussain resumed the hearing on the case pertaining to the formula for CNG pricing.

Justice Jawwad. S. Khwaja directed Ogra to take action against all CNG stations, who had not maintained their accounts, and said that it was the responsibility of the Ogra to safeguard the rights of the consumers.

An official of the Federal Bureau of Revenue (FBR) submitted before the court, the tax records of CNG station owners for the past three years.

According to the details the amount collected as tax from CNG stations between 2009 to 2011 amounted to Rs 4.09 billion.

Moreover, an Ogra official submitted a detailed reply on the information sought by the apex court a day earlier concerning the issuance of license by the regulatory authority.

According to the details submitted, 6,471 applications were received by Ogra for the issuance of CNG station license between 2002 and 2011, out of which 6,152 applicants were issued licenses, whereas 380 show-cause notices and 131 warning notices were issued during the same period.

Tax details and audit reports were not required for the issuance of CNG station licenses according to Ogra officials.

Officials gave further details that around 1 billion rupees were collected as penalty for various reasons adding that 1,233 filling stations were inspected and that only five companies had submitted audit reports, during the past ten years.

Blog post Written by  Hadi Aziz and You can visit the original article at http://www.thenewstribe.com/

Tags : CNG, prices, December, licenses, non-audited, stations, SC, Supreme Court, Pakistan

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(added few years ago!) / 1547 views

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