APCNGA rejects new CNG pricing formula terming it illogical

Peshawar: The All Pakistan CNG Association APCNGA on Tuesday rejected the new CNG pricing formula terming it illogical, illegal and against the interests of CNG sector.

“As a first step, we will challenge the controversial decision in the Ministry of Petroleum and Ogra while later we will announce schedule for protests to get out demands met,” said Ghiyas Abdullah Paracha, Chairman Supreme Council APCNGA.

In a statement issued here today, he said that the latest CNG pricing decision is one-sided and irrational in which demand for uniform gas prices and taxation as well as right to just profit margin were not accommodated.

Moreover, Ghiyas Paracha said, globally accepted accounting principles were violated; CNG filling stations owners were not allowed to fulfil gas cost while the profit of the CNG filling stations were linked to petrol pumps, which is unjust.

A cut in taxation would have helped the CNG sector and the masses which was unfortunately ignored while the hike in power tariff was not accommodated, said Paracha.

He said that the subcommittee of the ECC formed to hammer out the outstanding CNG issue had taken decision before the meeting while the stakeholders were called to let them know about the decision, which was against the claims of the committee.

Paracha said that no CNG operator can continue business honestly while observing the terms and conditions of Ogra which will pave way for protest.

Government seems uninterested in resolving the crisis but bent upon compounding it due to some reasons, he said.

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