ISLAMABAD - While acting upon the orders of NAB, Ogra has withdrawn increase in wellhead gas price of Dewan Petroleum Company after two years, giving relief of Rs 23b to the gas consumers of the country.

The NAB has started taking stern action against corruption on the orders of Supreme Court (SC). According to Ogra notification, the regulator has now withdrawn $1,07/mmbtu increase in tariff of Dewan Petroleum Company, which the regulatory authority had allowed in July 2010. Resultantly, previous notification has been declared null and void and new notification has been issued in this very regard. The gas tariff of Dewan Petroleum Company has been decreased from $3,89/mmbtu to $2,82/mmbtu from now onwards. Similarly, Ogar has made this tariff effective from July 2010.

Sources in the Ministry of Petroleum, while talking to TheNation, said the NAB proved corruption in the tariff of Dewan Petroleum Company after the orders of honourable SC resultant to which Ogra’s former chairman Tauqir Saddiq and Member (Finance) Mir Kamal Marri went missing/absconded.

 They said the NAB investigation against Ogra was underway owing to increase in tariff of Dewan Petroleum Company. The honourable SC, in its last hearing, had ordered the NAB to present final investigation and implementation report about massive corruption in Ogra till July 13.