ISLAMABAD - AHMAD AHMADANI - Sui Northern Gas Pipelines Limited has gotten stay order from Lahore High Court against Ogra decision pertaining reduction in gas price by Rs 47.52 mmmbtu for upcoming fiscal year while Sui Southern Gas Company Limited is likely to file application in Sindh High Court today (Monday) in this regard, sources said on Sunday.

Well-placed sources aware of the development informed TheNation that SNGPL has gotten stay order from Justice Mamoon Rasheed of Lahore High Court (LHC) on 25th May against Ogra’s judgment pertaining gas thefts (UfG) and non operating income of gas utilities for FY12-13 while SSGCL is likely to submit an application today (Monday) in Sindh High Court (SHC) seeking stay order on above heads. They said influential shareholders of both gas-distributing companies are all out to collect hefty Rs20 billion from the gas consumers by securing UfG benchmark at 7 percent against 4.5 percent decision of Ogra, adding, that regulatory authority on 18th May had recommended a massive reduction of Rs 47.54 / mmbtu in gas prices while declaring non-operating income as operating income of both gas companies (SSGCL & SNGPL) in larger public interests. This decision of Ogra regarding UfG and non-operating income was a shocking move for both gas utilities and their influential shareholders, sources added.

It is to be noted here that after Ogra’s decision in this regards the Petroleum Minister Dr Asim Hussain ostensibly turning down the decision of Ogra pertaining provision of relief to the hard-pressed consumers from July found desperate to benefit the shareholders of gas utilities had said that both gas distributing companies would soon approach to the court seeking stay orders against this decision of the regulator where it had set the benchmark of gas theft and losses of the gas companies (Unaccounted for Gas) at 4.5per cent despite projected 7 percent by the ministry for both utilities. Further, in accordance with the sources, Tauqeer Saddiq (former Ogra Cahirman) is facing NAB inquiries after removal from lucrative slot against declaring 7 percent UfG for both gas companies and declaring non-operating income as operating income.

“This was an illegal decision of the ex chairman where he had permitted both gas companies to collect Rs36 billion from the consumers to benefit the shareholders of gas utilities,” sources said, adding, that honourable Supreme Court earlier ordered NAB to investigate the matter.  NAB conducted inquiry and collected proves to declare guilty former chairman and member gas Mansoor Muzzaffar and Member Finance Mir Kamal Mari.  NAB has already arrested Member Gas Mansoor Muzaffar OGRA and also hunting for former chairman Ogra, Tauqir Sadiq.