ISLAMABAD: The Ministry of Petroleum and Natural Resources has sent a summary to the prime minister proposing an increase of 23 percent on an average in the gas tariff for all categories of gas consumers except domestic consumers.
The gas utilities companies are on the verge of collapse and in case the gas tariff is not increased, the Sui Southern and Sui Northern will default. Thus to ensure the minimum rate of return of 17 percent to the companies, an increase in gas tariff is inevitable.
According to calculations, Rs50bn have to be generated for the gas companies Rs33bn for the Sui Northern Gas Pipelines Limited and Rs17 bn for the Sui Southern Gas Company Limited.
Internews
