ISLAMABAD:
The Oil and Gas Regulatory Authority urged the government to put in place a comprehensive legal framework to regulate the entire system, from supply to pricing.
Ogra says it is of the opinion that eventually entire LNG/RLNG supply chain is required to be governed by a proper regulatory framework under one legislation which may be called ‘Ogra Ordinance’.
Ogra says on record that “keeping in view the economic considerations, only rational, prudent and unavoidable costs should form part of RLNG prices so that unnecessary burden should not be passed on to end consumers and the prices are kept within reasonable limits in comparison to alternate fuels, so as to remain viable to produce cheaper electricity and other products”.