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Ogra reverses raise in gas tariff for Dewan Petroleum

In line with the directives of the National Accountability Bureau (NAB), the Oil and Gas Regulatory Authority (Ogra) has taken back the increase of $1.07 per MMBTU in gas tariff from Salsabil gas field that was extended to Dewan Petroleum Company in July 2010.

The decision will save the countryƕs gas consumers from a whopping Rs23 billion, which would have been the impact of the raise. This swift action has been taken by the regulator in the wake of Supreme Court orders. NAB has started initiating stern action with respect to the Rs80 billion Ogra corruption case.

As per the Ogra notification, the increase of $1.07 per MMBTU in gas tariff of Salsabil field of Dewan Petroleum Company has been taken back on the orders of NAB. The regulator has suspended the earlier notification and issued a new one. Under the new notification, the gas tariff of Dewan Petroleum Company from its Salsabil field has been reduced from $3.89 to $2.82 per MMBTU. This decision will be effective from July 2012.

According to officials at the Ministry of Petroleum and Natural Resources, NAB has proven corruption of Rs80 billion on the directives of the Supreme Court, after which NAB arrested the Ogra gas member Mansoor Muzzafar.

However, the then Ogra chairman Mr Tauqir Sadiq and the then member finance Mir Kamal Mari are still at large. They are facing charges for increasing the gas tariff of Salsabil field. The Supreme Court had come down heavily on NAB in the last hearing over the Ogra corruption case and direc

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