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Tag Archives: OGRA

IHC issues notices to FBR, OGRA on five percent increase in GST

ISLAMABAD: The Islamabad High Court issued notices to Secretary Ministry of Finance, Chairman Federal Board of Revenue and Chairman Oil and Gas Regulatory Authority in response to a writ petition challenging a five percent increase in General Sales Tax on petroleum products. A single-member bench headed by Justice Aamer Farooq heard the petition filed by Muhammad Mazhar Qayyuam. The petitioner ... Read More »

17-22% GST on petroleum products: IHC issues notices to Secy Finance, OGRA, FBR

RAWALPINDI: The Islamabad High Court (IHC) has issued notices to the finance secretary, chairmen of FBR and OGRA in a petition challenging the SRO of federal government for increasing GST on petroleum products from 17 to 22 per cent. A single bench of IHC comprising Justice Amir Farooq issued the notices in a petition of Muhammad Mazhar Qayyum who cited ... Read More »

IHC restrains Govt from levying 32 percent sales tax over CNG

ISLAMABAD: The Islamabad High Court restrained Government from levying 32 percent sales tax on CNG station owners. IHC ordered to charge only 17 percent of the actual supply price of gas to the stations while hearing a writ petition filed by Al Shareef CNG Station. A single member bench headed by Justice Shaukat Aziz Siddiqui heard the writ petition. Petitioner ... Read More »

IHC to hear Controversial Statutory Regulatory Order case today

ISLAMABAD: A single member bench of Justice Aamer Farooq will hear the petition filed by Muhammad Mazhar Qayyum today at Islamabad High Court. The petitioner has challanged the Statutory Regulatory Order (SRO) issued by Federal Government on December 30, 2014 under which General Sales Tax (GST) on petrolium products has been increased by five percent. The petitioner has made Federation ... Read More »

Plugging Rs70b gap: GST on POL raised by 5pc to 22pc; govt to collect Rs45b

ISLAMABAD: In a bid to offset the revenue shortfall, the General Sales Tax (GST) on petroleum products has been increased General Sales Tax (GST) by 5 percent to 22 percent from the existing 17 percent. This move will enable the government to collect additional Rs19 billion due to increase in GST and Rs10 billion on account of the existing petroleum ... Read More »

Price of LPG hiked by Rs20/kg, domestic cylinder raised by Rs 250, commercial cylinder Rs 1000  

LAHORE : The marketing companies Saturday hiked the prices of LPG by Rs20 per kg ,thus raising the price of domestic cylinder by Rs250 and those of commercial cylinder by Rs1000. The Liquified Petroleum Gas (LPG) Distributors Association claimed that LPG producers had set price at Rs60,000 per ton while in international market, LPG price was at contact price (cp) ... Read More »

Price of LPG hiked by Rs20/kg, domestic cylinder raised by Rs 250, commercial cylinder Rs 1000  

LAHORE : The marketing companies Saturday hiked the prices of LPG by Rs20 per kg ,thus raising the price of domestic cylinder by Rs250 and those of commercial cylinder by Rs1000. The Liquified Petroleum Gas (LPG) Distributors Association claimed that LPG producers had set price at Rs60,000 per ton while in international market, LPG price was at contact price (cp) ... Read More »

Rs19 cut in petrol prices in 1 month: LPG rate also down by Rs5-10

LAHORE: After more than Rs19 cut in petrol prices in one month by the federal government, the marketing companies of Liquefied Petroleum Gas (LPG) have also declared to reduce the rates of gas from Rs5 to 10 per kg in different areas of the country. According to the latest cut in price, now LPG is being sold in Kharachi at ... Read More »

OGRA slashes LPG price by Rs5, domestic cylinder reduces to Rs60/kg, commercial to Rs120/kg

ISLAMABAD: OGRA cut LPG price by Rs 5 for 2nd time and crackdown on blackmarketers is in full swing. According to the details, the price of Liquefied Petroleum Gas (LPG) was cut by Rs 5/kg by various marketing companies country-wide here the other day on OGRA recommendation.  An operation by Oil and Gas Regulatory Authority (OGRA) against LPG marketing companies ... Read More »

OGRA cuts LPG price by Rs 5 for 2nd time, crackdown on black marketers in full swing

ISLAMABAD: OGRA cut LPG price by Rs 5 for 2nd time and crackdown on blackmarketers is in full swing. According to the details, the price of Liquefied Petroleum Gas (LPG) was cut by Rs 5/kg by various marketing companies country-wide here the other day on OGRA recommendation.  An operation by Oil and Gas Regulatory Authority (OGRA) against LPG marketing companies ... Read More »

21 LPG companies fined; OGRA implements Rs10/kg price cut with iron hands

KARACHI: Liquefied Petroleum Gas (LPG) price has been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

LPG price slashed by Rs10/kg; OGRA launches crackdown, imposes fine on 21 companies

KARACHI: Liquefied Petroleum Gas (LPG) price has been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

Discretionary powers: PM refrains Ogra from issuing 26 CNG marketing licences

ISLAMABAD: Following rising gas demand, Prime Minister Nawaz Sharif refrained the Oil and Gas Regulatory Authority (Ogra) from issuing 26 marketing licences to compressed natural gas (CNG) stations. The government also decided to review orders of the Supreme Court that enabled Ogra to issue fresh CNG licences held up for a couple of years. The government also sought details and ... Read More »

SSGC, SNGPL to collect Rs67 billion from users after ECC approval

ISLAMABAD: People of Pakistan have to bear another burden in account of gas consumption as Ministry of Petroleum & Natural Resources has urged the federal cabinet’s Economic Coordination Committee (ECC) to approve collection of Rs67 billion from gas consumers of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) within 6 months. Sources said that the government ... Read More »

12 pump owners booked for not selling petrol at reduced price

LAHORE: The City District Government of Lahore (CDGL) has got registered 12 cases against petrol pump owners for not selling petrol at reduced price. TCity District Government of Lahore (CDGL) teams sealed eight pumps for refusing the sale of the fuel at new rates. The teams also got 12 cases registered against the owners, according to spokesperson for the CDGL ... Read More »

Transporters refuse to cut bus fares by 12 % despite oil price reduction

KARACHI: Despite major reduction in oil prices, the transporters have refused to cut bus fares by 12 percent as expected on the plea that their vehicles ran on CNG. Karachi Transport Ittehad president Irshad Bukhari argued that since Karachi public transporters had already converted their minibuses and coaches from diesel to CNG, the cut in oil prices was meaningless to ... Read More »

ECC decides to impose 5pc GST on LNG import to help Rs450b CNG sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import to bring Rs450b CNG industry out of crisis. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s Office and considered the proposal for exempting LNG import from Gas Infrastructure Development ... Read More »

OGRA likely to suggest Rs9.88 per litre cut in petrol prices

ISLAMABAD: After a sharp cut in petroleum prices in International markets, the Oil and Gas Regulatory Authority (Ogra) is considering to suggest the government to cut the prices of petroleum products up to Rs9.88. OGRA and PSO have come to a conclusion after thorough research on declining oil prices in Gulf region, the prices of HOBC have plunged by Rs9.88 ... Read More »

OGRA intervenes to reduce LPG price by Rs25/kg, black marketeers fined Rs500,000

LAHORE: Liquefied Petroleum Gas (LPG) marketing companies, after the intervention of the Oil and Gas Regulatory Authority (Ogra), has cut the gas price by Rs25 per kilogramme. The LPG Distributors Association has the price of LPG has been decreased by Rs300 per domestic and 1,200 per commercial cylinder by the companies. LPG Association Chairman Irfan Khokhar said that the association ... Read More »

POL prices likely to cut by Rs 5: OGRA

ISLAMABAD: Observing the declining trend in global oil prices, the government has decided to decrease local prices of petroleum products from November 1. According to sources in Oil and Gas Regulatory Authority (OGRA), the price of petrol is expected to decrease by Rs4.50 per litre, high-speed diesel by Rs5.00, kerosene oil by Rs5.80 and Hi-Octane by Rs 6.00 per litre. ... Read More »