Ogra has completed the process of consultation, wherein, different shades of opinion was obtained from professionals, technocrats, legal experts, consumers, CNG associations, chambers of commerce, government departments inter alia Ministry of Finance, Ministry of MPNR, etc, in various meetings and public hearings held at Lahore, Islamabad and Karachi.
Ogra, in exercise of the powers conferred vide Rule 13 of CNG Rules 1992, and in light of the views/arguments/suggestions/feedback received from all stakeholders/participants through the aforementioned consultative process and independent audit report, has formulated a new CNG price formula and forwarded the same to Ministry of Petroleum & Natural Resources to issue necessary policy guidelines to Ogra as per Ogra Ordinance/Rules enabling Ogra to comply with Supreme Court decision before December 5, 2012.
Ogra''s role in the current energy sector is highly important and has been performed not only to encourage/offer investment in the said sector, but also protected consumer interest while maintaining transparency/fair approach. The Oil and Gas Regulatory Authority (Ogra), established in March 2002 under Ordinance XVII of 2002, is a corporate body consisting of Chairman, Members and qualified executives having professional expertise of working in different sectors especially petroleum. Selection of chairman and members is made by the Federal government, whereas, the employees of the authority are selected by the authority as laid down in Ogra Service Regulations 2005.
Therefore the criticism/perception created in the media and press by different forums is to defame and undermine the role of Ogra as regulator, hence, totally misleading and unfair. Ogra is performing its assigned duties and functions in a fair and transparent manner so as to fulfil the requirements of the law. -PR