Geo Business

OGRA okays gas tariff hike from Jan 1

ISLAMABAD: Oil & Gas Regulatory Authority (OGRA) has greensignalled hike in gas tariff from January 1, 2012, Geo News reported.

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%.

For WAPDA and KESC, the increase will be 13.98%, for private power plants it will be 34.57%. The increase for the cement industry is 13.98% while for new fertilizer plants 1.081 percent has been proposed.

The gas development tax has not been included for residential and commercial users.