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Ogra to be empowered to determine LPG tariff.
Byline: MUSHTAQ GHUMMAN
The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make required changes in the Ogra Ordinance for allowing Ogra to determine the cost of Liquefied Petroleum Gas (LPG) as well as Weighted Average Cost of Gas (WACOG) on monthly basis.
The ECC in its meeting on April 12, 2012, while approving in principle the proposed policy guidelines on LPG air mix, CNG or LNG based pipeline distribution projects undertaken by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited(SSGCL), constituted a committee, comprising Minister for Petroleum (Convenor), Minister for Water & Power, Deputy Chairman Planning Commission and Secretaries, Economic Affairs and Petroleum for (i) working out the mechanism for air mix of LPG in the system by ensuring transparency and (ii) determining pricing formula …
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