OGRA hires audit firm to evaluate profit earned by CNG stations

OGRA official says audit firm would present report within four days, by November 12.

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Thursday hired an audit firm, Avais Hyder Liaquat Nauman Chartered Accountants, to conduct an audit of CNG stations regarding profit earned by them, following an order of the Supreme Court.

An Ogra official said that the firm would present the audit report within four days, by November 12.

It will select 11 CNG stations in rural and urban areas to evaluate profit and return of CNG stations.

This audit is being conducted as short-term measure and a long-term audit would also be conducted later.

The apex court had ordered the regulatory body to review the prices and announce the new prices before November 1.