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Wednesday, December 28, 2011

Govt gives nod to drop gas bomb on masses

Islamabad : Federal government has approved 13-207 per cent increase in the tariff of natural gas from January 1.

The hefty increase in gas tariff would be the first  gift of the new year 2012 the final notification of which would be issued by OGRA (Oil and Gas Regulatory Authority).

Gas tariff for residential and commercial consumers would be increased by upto 14 per cent.

Gas tariff for industries would be increased around 17 per cent while fertilizer sector would have to absorb the biggest increase of 207 per cent.

Gas tariff for power producers WAPDA and KESC would increase by 13.5 per cent.

The increase in gas tariff would push the retail prices of the CNG by over 38.5 per cent.

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