OGRA devises formula to reduce CNG rates

KARACHI: All Pakistan CNG Association has expressed reservations on the government’s likely move to bring the prices of CNG down approximately to Rs39.60 per kilogram. Talking to M.Iqbal, an official of the CNG Association informed that a draft has been prepared by OGRA to reduce the prices of CNG. Legal complications are being for releasing of the draft.The base price of gas is being fixed at Rs22 while administrative expenses at Rs11 and return on investments at Rs6.60, sources said.