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Reduction in oil prices likely next month: Dr Asim
Updated at: 2100 PST, Monday, July 13, 2009
http://www.thenews.com.pk/updates.asp?id=82825
LAHORE: Advisor to the Prime Minister on Petroleum Dr Asim has said that the benefits of reduction in international oil prices would be passed on to the consumers.
He was talking to newsmen at head office of Sui Northern Gas Pipelines Limited (SNGPL) here Monday. M.D.SNGPL and other senior officials were also present.
Dr Asim said that he can assess that there would be reduction in oil prices during the price revision next month.
The advisor said that two taxes are being charged at petroleum products, which are petroleum levy of around Rs 10 per litter and General Sales tax.
Responding to a query, he said that the government has presented its view point regarding oil prices at the Supreme Court.
He said that the word carbon tax was not properly used for petroleum levy by its definition, that was the reason the mistake was rectified by issuance of an Ordinance.
The tax on petroleum products was imposed by the parliament in the unanimously approved budget, he said.
To a question, he said that all the three pillars of state, the Judiciary, Executive and Parliament are performing their duties within the ambit of the constitution.
Dr Asim said that the country is passing through a critical juncture of its history and every member of the nation must play his role in a more responsible, careful,dedicated and honest way to bring it out of crises and lead it on the road to progress and prosperity.
Regarding gas prices, he said that the Oil and Gas Regulatory Authority (OGRA) would start regularizing prices of gas within a few days and.
He said that high rate of line losses at CNG stations is a big issue which needs to be checked, and assured that the performance of SNGPL would be improved in this regard.
Prices of gas would be rationalized and undue profits of the CNG stations would be controlled, he hoped.
MD SNGPL to a question said that SNGPL has outstanding bills against railways, hospitals and some other organizations and it is fully pursuing against its defaulters. Such amounts are just around 0.5% of total collection of SNGPL, he added.
"mar na jaatey gr aatebar hota"
Updated at: 2100 PST, Monday, July 13, 2009
http://www.thenews.com.pk/updates.asp?id=82825
LAHORE: Advisor to the Prime Minister on Petroleum Dr Asim has said that the benefits of reduction in international oil prices would be passed on to the consumers.
He was talking to newsmen at head office of Sui Northern Gas Pipelines Limited (SNGPL) here Monday. M.D.SNGPL and other senior officials were also present.
Dr Asim said that he can assess that there would be reduction in oil prices during the price revision next month.
The advisor said that two taxes are being charged at petroleum products, which are petroleum levy of around Rs 10 per litter and General Sales tax.
Responding to a query, he said that the government has presented its view point regarding oil prices at the Supreme Court.
He said that the word carbon tax was not properly used for petroleum levy by its definition, that was the reason the mistake was rectified by issuance of an Ordinance.
The tax on petroleum products was imposed by the parliament in the unanimously approved budget, he said.
To a question, he said that all the three pillars of state, the Judiciary, Executive and Parliament are performing their duties within the ambit of the constitution.
Dr Asim said that the country is passing through a critical juncture of its history and every member of the nation must play his role in a more responsible, careful,dedicated and honest way to bring it out of crises and lead it on the road to progress and prosperity.
Regarding gas prices, he said that the Oil and Gas Regulatory Authority (OGRA) would start regularizing prices of gas within a few days and.
He said that high rate of line losses at CNG stations is a big issue which needs to be checked, and assured that the performance of SNGPL would be improved in this regard.
Prices of gas would be rationalized and undue profits of the CNG stations would be controlled, he hoped.
MD SNGPL to a question said that SNGPL has outstanding bills against railways, hospitals and some other organizations and it is fully pursuing against its defaulters. Such amounts are just around 0.5% of total collection of SNGPL, he added.
"mar na jaatey gr aatebar hota"
