ISLAMABAD:
While hearing the CNG and petrol price assessment case on Thursday, the Supreme Court ordered that during the 14-day adjournment of the case, CNG prices will remain the same – Rs54.16 per kg, Pakistan News reported.
The Oil and Gas Regulartory Authority (Ogra) presented a formula of linking prices of gas with prices of petroleum products before a two-judge bench, comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Jawwad S Khawaja.
The judicial bench sought a forensic audit report from the managing directors of Sui Southern Gas Company and Sui Northern Gas Company, during the next hearing scheduled after a fortnight.
Justice Chaudhry asked Secretary Petroleum Waqar Masood to submit an explanation in the court, justifying former senator Dr Asim Hussain’s statement during a television show in which he had said that there was a dearth in petroleum products due to a court’s verdict given regarding petroleum surcharge.
The chief justice said that he was surprised to see Hussain could give such a statement.
Explaining Hussain’s statement, Masood told the bench that he was referring to the Lahore High Court’s verdict against petroleum levy, which had held back the implementation of petroleum policy.
While hearing the CNG and petrol price assessment case on Thursday, the Supreme Court ordered that during the 14-day adjournment of the case, CNG prices will remain the same – Rs54.16 per kg, Pakistan News reported.
The Oil and Gas Regulartory Authority (Ogra) presented a formula of linking prices of gas with prices of petroleum products before a two-judge bench, comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Jawwad S Khawaja.
The judicial bench sought a forensic audit report from the managing directors of Sui Southern Gas Company and Sui Northern Gas Company, during the next hearing scheduled after a fortnight.
Justice Chaudhry asked Secretary Petroleum Waqar Masood to submit an explanation in the court, justifying former senator Dr Asim Hussain’s statement during a television show in which he had said that there was a dearth in petroleum products due to a court’s verdict given regarding petroleum surcharge.
The chief justice said that he was surprised to see Hussain could give such a statement.
Explaining Hussain’s statement, Masood told the bench that he was referring to the Lahore High Court’s verdict against petroleum levy, which had held back the implementation of petroleum policy.
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