Gas price notifications: Govt. to expedite passage of legislation, IMF told

Officials of Ministry of Finance, Ministry of Petroleum and Ogra have held meetings with a two-member delegation of IMF on progress in formulating a legal mechanism for notifying gas prices promptly. The govt. had initially agreed to implement this condition by 31st Dec’19. IMF team was assured that an amendment to Ogra Ordinance 2002 is likely to be laid before the parliament in Mar’20 which would grant the necessary powers to Ogra to notify gas prices without involving govt. to avoid delays.