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—File Photo
—File Photo

ISLAMABAD: Another session of the federal cabinet’s Economic Coordination Committee (ECC) held to resolve the CNG pricing crisis remained inconclusive yet again on Wednesday, DawnNews reported.

The session was led by the Federal Law Minister Farooq H Naek in Islamabad.

According to ministry sources, the finance ministry refused to reduce the taxes imposed on CNG. The sources also said the taxes had been imposed for the formation of a new gas infrastructure. Therefore, the current financial position did not allow for tax reductions.

The petroleum ministry also refused to reduce the price of the gas used in manufacturing CNG, ministry sources informed DawnNews.

Speaking to media representatives after the session, Naek said that all stakeholders had presented their suggestions on new CNG prices. He added that the issue would be resolved soon.

He further said that the operating costs would be taken into account while setting new CNG prices. The demands of the CNG association would also be considered, he added.

Chairman Supreme Council of All Pakistan CNG Association Ghayas Paracha said that the CNG tariff was Rs 44 per kilo higher in comparison to urea and Rs 26 per kilo higher in comparison to the industrial sector. It was imperative to equalise the prices, he added.

Paracha also said that CNG Association would join the public in protesting against the non-resolution of the CNG issue if it remained unresolved by Dec 31.

Comments (5) Closed

khanm Dec 26, 2012 12:08pm
What happened to the court judgment? Does it mean any thing to any one? It is quite obvious no one wants to resolve the issue. Only interested in their bank balance
Eileen Khalid Dec 26, 2012 01:02pm
Dose the Government or concerned know that we , the residents of AL-Mustafa Towers in F-10 Markaz have had no gas since 2 months back , this is a cruel punishment to the people living in the Towers and should not be so , please have this problem corrected at the earliest
Cyrus Howell Dec 26, 2012 07:32pm
They are determined the people will not steal their money.
Cyrus Howell Dec 26, 2012 07:33pm
The PPP is the party of the people. They reward, they do not punish.
Ali Dec 27, 2012 04:14am
I have one observation that why this news website is not allowing us to write our comments on desired place and whenever we wanted to give our comments we find that the comments are closed why? I mean for example I just saw the new with regards to below heading and content Ogra proposes big hike in CNG price The CRCP rejected the auditor