Karachi transporters on Saturday, welcoming the decision to re-authorise the Oil and Gas Regulatory Authority (Ogra) to determine the oil prices, have expressed the hope that the Ogra would not follow the footsteps of the Oil Companies Advisory Committee (OCAC).
According to details, a meeting of Karachi transporters was held here with Karachi Transport Ittehad (KTI) chief Syed Irshad Hussain Shah Bukhari in the chair.
The meeting warmly welcomed the decision to re-authorise the Ogra for determining oil prices.
It said that the people and transporters of Karachi had waged a long struggle to get rid of the atrocities of the OCAC, whom they termed a "while elephant."
They said that it was the OCAC that opened the floodgates of general price hike in the country by raising prices of petrol and diesel by Rs 16.79 and Rs 11.22 per litre, respectively, in just one year, from January 2005 to December 2005.
The transporters said that the OCAC was not an autonomous body, but instead "backed by decisions of the Federal government".
They said that now by authorising the Ogra to determine the fuel prices, both public and transporters were pacified, and added that both the people and transporters were waiting to see for what role the Ogra would be playing.
They warned that if the Ogra followed the footsteps of the OCAC, the transporters would again strongly protest and not to hesitate from calling strikes.
They said that prior to the setting up of OCAC, the prices of oil had been determined on the occasion of annual budget, and sometimes remained unchanged for three to four years.
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