Oil and Gas Regulatory Authority (OGRA) has notified  a reduction in the Compressed Natural Gas (CNG) price in Region 1 and Region 2.

According to OGRA officials, following the Supreme Court (SC) of Pakistan verdict on Compressed Natural Gas (CNG) price, the Oil and Gas Regulatory Authority (OGRA) has notified a reduction in the commodity prices ranging between Rs 1.23 to Rs 0.61 per kg.

The SC on December 10, 2014, while suspending 9 percent additional General Sales Tax (GST) on CNG, directed the regulatory body to notify new CNG prices as per SC decision.

According to the notification, the commodity price in region-I, which constitutes of Balochistan, Khyber-Pakhtunkhwa (KPK) and Photohar areas will be reduced by Rs 1.23 per kg, while in Region 2 consisting of Sindh and Punjab it will be reduced by Rs 0.61 per kg.

After the decrease, per kilogram price of CNG in Region 1 is Rs 74.25, while the price in Region 2 is Rs 66.14.