No change in CNG prices till next hearing: Supreme Court
A two-judge bench, comprising justices Jawad S Khawaja and Khilji Arif Hussain was hearing the case pertaining to the CNG prices issue.
CNG station owners paid Rs4.08 billion in taxes in the last three years, stated a report submitted by the Federal Board of Revenue (FBR).
According to the report, Rs1.008 billion was paid in 2009, Rs1.42 billion in 2010 and Rs 1.0065 billion in 2011.
The Supreme Court had sought details pertaining to the stations’ tariff accounts earlier on Wednesday.
Speaking on the premises of the Supreme Court, CNG Association Chairman Ghayyas Paracha said that Ogra was trying to implicate the association in a tussle with the masses.
He said that the CNG stations buy CNG from the government on a higher rate.
Ogra representatives also answered the court’s four questions asked in the previous hearing.
Justice Khawaja remarked saying the court knew the actual operating costs and said the owners had earned Rs31 per kg for four years on the name of operating costs.
He said that deciding on prices was Ogra’s job and if the authority did not work properly, the court would intervene.
The hearing was adjourned till December 17.
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@disgusted....you deserve it..... people in pak are now ready to buy anything at any cost till they wont able too... in the meantime they enjoy using that thing and keep hating any person who tells them that thry are wrong.... yes they deserve every moment of this now...
OGRA and NEPRA are not neutral autonomous or independent bodies but mouth piece of the Government. These so called independent bodies acts on the whims of the government and fixes the prices of petroleum products, electricity and gas, as dictated by the government in utter disregard to the sufferings or burden over the masses. For the last about 2 months, it failed to amicably resolve the issue of CNG prices. Honourable court, when intervened in the matter, should now take it to its logical conclusion by fixiing the prices of CNG and other petroleum proudcts in consultation with the economic experts. The apex court should also direct the government to reduce its exorbitant and arbitraty taxes and levies on petroleum products, electricity and gas and that the prices should be revised with the start of each financial year as had been the practice long time ago.
Any verdict against CNG association strike ?what about sufferings of us middle class who cannot afford petrol for daily commuting to work? Can CJ imagine the suffering of sitting and waiting in miles long Que in wintery nights ? i know its is beyond tough . just disappointed
Stupid reporting. What taxes direct or indirect?
I am sorry to say but over hear the discussion and comments are from those people which are neither technical nor correct
SC continues to stretch beyond its jurisdiction... the are merely trying to popularity without any respect to laws and rules....
Good deceisoin by the court, keep on hanging these CNG pumps owners. They have enjoyed the 60% profits for 4 years and they can't sell on lowered prices for few weeks. CNG association might be thinking that will force/blackmail the Goverment or court and their desired prices would be implimented. People of Pakistan please hold, rewards will be yours
The way the SC has started to issue diktats is very amusing. The army has taken a step back and the SC has filled their shoes.
Good job SC. We love you
One and a Half more week of standing in miles long lines for the public.... One and a Half more week of closing of most of the CNG stations at the will of their owners... One and a Half more week of load shedding by SSGC despite the closure of most of the pumps for most of the week.... One and a Half more week of agony for all of the Pakistanis....
Bad decision, CNG Association will strike again and we will suffer again
just like sugar was made of Rs 40/kg and it vanished den whats the benefit? there should be some amicable solution for both sides
4000 CNG stations nationwide paid Rs. 1 Billion in taxes in 2011. Meaning each CNG station paid Rs. 250,000 average in 2011 (Rs. 20,833 per month) while average earning per CNG station is around Rs. 75 Million per year and %age of profits is way above 60%
This is an outrage, the CNG station owners have looted the nation!
How many billions they made? that's more important