CECC to approve summary on transferring powers to OGRA for determination of prices of furnace oil.ISLAMABAD, July 13, 2009 (Balochistan Times) -- Cabinet Economic Coordination Committee Economic Coordination Committee is a cabinet level committee responsible for final decisions relating to economy in Pakistan. (CECC CECC China Electronic Chamber of Commerce CECC Community Early Childhood Council CECC Central Eglinton Community Centre CECC California Educational Computer Consortium CECC Civil Emergency Crisis Cell CECC Chicago Energy Conservation Code ) will accord final approval to the summary on assigning powers to Oil and Gas Regulator Authority (OGRA OGRA Oil & Gas Regulatory Authority (Pakistan) OGRA Ontario Good Roads Association (Canada) ) for determination of prices of furnace oil as well as draft on sale of ethanol mixed fuel. Ministry of petroleum sources told a summary about withdrawing the powers of determination of prices of furnace oil from oil marketing companies and transferring them to OGRA in order to keep them stable was forwarded to federal government 3 days earlier. This will be approved by CECC in its meeting taking place today under minister for investment Naveed Qamar. With the approval of summary, not only the prices of furnace oil will be brought under control but it will also enable the government to take steps to take action; to move in a matter. See also: Step to avert negative implications of fluctuations in international market. Power producing companies are likely to benefit from it directly. Cabinet committee will also give approval to draft on sale of ethanol mixed fuel in the country. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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