Taking a prompt action against the reported arbitrary price hike of the Liquefied Petroleum Gas (LPG), the Oil and Gas Regulatory Authority (Ogra) has launched a crackdown against overcharging marketing companies and their dealers. According to an official spokesperson, the Authority held an emergent meeting upon receiving news and complaints about the overcharging on part of the LPG marketing companies, dealers and retailers.
During the meeting Chairman Ogra Saeed Ahmed Khan and Member (Gas) Aamir Naseem unanimously resolved that the violators would be dealt with strict action under the law. As per the decision of the Authority, inspection teams were dispatched to visit and monitor the LPG marketing companies and dealers across the country. According to initial reports filed by the Ogra Enforcement teams that inspected both the marketing companies and the dealers, in the vicinity of the capital Islamabad, certain authorised dealers/distributors were found overcharging on the respective company's "published price."
The spokesperson explained that under the "deregulated regime of LPG pricing," the LPG marketing companies are supposed to notify a "published maximum price" and no dealer can charge anything more than that. Authority has further decided to initiate a strict action against the violator which may entail heavy fines or revocation of marketing licenses depending upon the severity of the offence.-PR