Forex-Rates:

Gas tariff goes up by 14 percent

Posted on: Sat December 31, 2011

ISLAMABAD: Oil & Gas Regulatory Authority (OGRA) has increased gas tariff by 14%, SAMAA reported on Friday.

The decision will be implemented from January 1st, 2012.

People of the country, who have been suffering from inflation, expressed their unhappiness over gas tariff hike.

Earlier the Ministry of Petroleum had submitted the proposal to increase gas prices from the start of the next year.

Under the proposal gas prices in Khyber Pakhtunkhwa, Balochistan and Potohar region will increase by 38.63% while in Sindh and Punjab the increase will be 27.79%.

According to the summary, gas prices for residential and commercial users will increase by 13.98% while for industries the increase will be 16.95%.

Courtesy : Samaa News