According to the document submitted to the Cabinet, the petroleum ministry also proposed giving CNG station dealers margins of the rate Oil Marketing Companies (OMCs) and petroleum dealers use for the sale of petrol and diesel.
In the new pricing formula submitted to the petroleum ministry, Ogra had recommended value addition cost of Rs5.46 per kg and operational cost of Rs7.90 per kg.
The petroleum ministry has also proposed a CNG pricing formula, which includes the cost of gas as selling price for the CNG sector, value-added cost for compression, and a margin equal to the sum of margins of OMCs and dealers for petrol and diesel as approved by the federal government. The formula also comprises of the Gas Infrastructure Development Cess and the General Sales Tax (GST).
According to the petroleum ministry, the value added cost will be determined by Ogra through a process of public hearings and forensic audit of CNG stations. In order to remove the present distortion in the price of CNG and other fuels, it will be ensured that the price of CNG is not less than 80% of the price of petrol, the document stated
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