ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Sunday said audit of CNG stations is a step in the right direction, according to a press release. Auditors should consider all aspects of the Compressed Natural Gas (CNG) business before finalising their report, it added.
"The final audit report should be based on all the facets of the CNG business like international and local issues, laws, low pressure of gas, ever-increasing power tariffs and opinions of all the stakeholders," said chairman Supreme Council of APCNGA Ghiyas Abdullah Paracha.
Speaking at a meeting, he said that over 2,300 CNG stations remain closed for twelve days every month due to gas load shedding, causing colossal losses. Paracha added that the Gas Infrastructure Development Cess Act (GIDC) has also pushed up the cost of doing business, which cannot be ignored in the evaluation of profit and return of CNG stations.
The chairman added that the audit firm, Avais Hyder Nauman Liaquat Chartered Accountants, was helping OGRA to discharge their duties in a proper manner in all four provinces and the federal capital.
"Prices of gas provided to CNG stations must be made uniform and gas provided to this sector should be measured in kilograms," Paracha demanded.
Talking about apprehensions of people related to the CNG business that all aspects of the business were not being taken into consideration by auditors, he said it was unfortunate.
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The CNG Station Owners should refund to the customers the exorbitant amount which they have charged unabated from the end users before the verdict of Supreme Court was announced.