The Oil and Gas Regulartory Authority (Ogra) presented a formula of linking prices of gas with prices of petroleum products before a two-judge bench, comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Jawwad S Khawaja.
The judicial bench sought a forensic audit report from the managing directors of Sui Southern Gas Company and Sui Northern Gas Company, during the next hearing scheduled after a fortnight.
Justice Chaudhry asked Secretary Petroleum Waqar Masood to submit an explanation in the court, justifying former senator Dr Asim Hussain’s statement during a television show in which he had said that there was a dearth in petroleum products due to a court’s verdict given regarding petroleum surcharge.
The chief justice said that he was surprised to see Hussain could give such a statement.
Explaining Hussain’s statement, Masood told the bench that he was referring to the Lahore High Court’s verdict against petroleum levy, which had held back the implementation of petroleum policy.
Labels: Pakistani News
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