All
 

 

Just in:  

You are here: Home»Fuel & Energy»Pakistan»LHC denies instant relief to CNG station owners

LHC denies instant relief to CNG station owners

The Lahore High Court here Thursday denied instant relief to Compressed Natural Gas (CNG) station owners against Oil and Gas Regulatory Authority (Ogra) for pressing them to sell the gas on the prices fixed by the court. The court while dismissing the stay application issued notices to respondents for December 17 in the main petition.

The station owners through their counsel pleaded that the sale of the CNG on the prices fixed by the Ogra is not feasible. The counsel said the sale of the CNG on new prices will cause a huge financial loss to the stations'' owners. He said the OGRA and SNGPL have been harassing the petitioners and forcing them to sale the gas on the ''irrational'' prices. Petitioners'' counsel prayed to the court to restrain the respondents from taking coercive measures against them.

Opposing the petitions, counsel for SNGPL argued that the matter is sub-judice before Supreme Court. He said the gas prices were reduced on the order of the apex court but the CNG stations'' owners did not want to pass the benefit to masses. He further said the closing of the gas filling stations is an illegal and immoral act.

Copyright Business Recorder, 2012



 



 
Index Closing Chg%
Arrow DJIA 16,514.37 0.40
Arrow Nasdaq 4,161.46 0.97
Arrow S&P 1,815.69 0.95
Arrow FTSE 6,681.76 0.85
Arrow DAX 9,600.09 2.02
Arrow CAC-40 4,484.21 1.18
Arrow Nikkei 14,388.77 0.85
Arrow H.Seng 23,003.64 0.79
Arrow Sensex 22,758.37 0.03





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln