The court had earlier taken matters into its own hands and declared “illegal” the existing formula of linking the review of CNG prices with oil prices. Shortly after the announcement, the Oil and Gas Regulation Authority (Ogra) issued a notification reducing CNG prices by over a whopping Rs30 – a 33% slash.
General Manager Sui Northern Gas Pipelines Limited (SNGPL) Abdur Rasheed Arshad had issued a media notification that CNG stations found violating the orders would be sealed and gas connections would be suspended.
All stations boycotting the decision, covering premises with tents, selling CNG at old rates and not selling at new rates were included in this.
The sealed stations were located in Shah Rukn-e-Aalam Colony and near Vehari Square on Bahawalpur Road in Multan and one in district Muzaffargarh.
The first station was found selling CNG at the old price, the second and third had refused to sell at the new rates.
Arshad told The Express Tribune that the whole region was being monitored and a complaint centre had also been set up. No other cases have been reported from any district in south Punjab.
COMMENTS (5)
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Why worry about a single CNG station selling gas at higher price? People can go to the next one in the neighborhood to get gas from. In free market, a single seller can't impose price, as he has to compete with others. However, he can use it as express lane, in case someone is willing to pay extra to get gas immediately. I don't see anything wrong here.
Is the Pakistani government Communist or what? It is very clear to me that the government does not understand nor believe in free market and capitalism.
Why should the government force gas stations to sell at a specific price, why can't the market determine the rates? If there is a limited supply of CNG and fuels available with an exponentially higher demand, basic economics tells you that the prices will go up.
If the Pakistani people are too stupid to realize this and continue to demand that the government take action, then they deserve everything bad that happens to them and their country.
I am so grateful to have left Pakistan many years ago. I had a successful business which I was forced to shut down due to MQM and PPP thugs who kept harassing my customers and employees.
Now I am living in the West and am proud to say that I have been able to create a profitable business which employees over 150 people, many of whom are Pakistanis.
Kindly let me know where is the SC fixed the price of CNG in its order. Everyone is praising/blaming the SC for reduction of CNG price. Kindly go through the judgment and then comment especially the media is humbly requested to go through the SC order before filing the news, don't create hoax in the country.
Price Reduction is not Supreme Court orders but OGRA. Govt. deceiving people. Journalists please come up with truth.