ISLAMABAD: Major partners remembering business and mechanical agents for Monday restricted expansion in endorsed gas costs requested by the Karachi based Sui Southern Gas Company Ltd (SSGCL) to meet its income prerequisites for the current monetary year.
Rather the All Pakistan Textile Mills Association (Aptma) put forth a defense for cut in the well-head gas cost to lessen the expense of gas gracefully and conceal SSGCL’s income hole. This was likewise upheld by the SSGCL. Other key partners including vehicle producers, pottery affiliation and Karachi Chamber of Commerce and Industry contradicted Rs78.95 per unit increment in tax requested by the SSGCL.
This was the essence of a formal review directed by Oil and Gas Regulatory Authority (Ogra) on SSGCL’s request for expanding its recommended cost by Rs78.95 per million British Thermal Unit (mmBtu). Bad habit Chairman Ogra Noor-ul-Haq managed the consultation.
Talking in the interest of Aptma Sindh and Balochistan, Razi-ud-Din Razi requested that well-head cost of gas should be discounted from around $4.08 per mmBtu as of now, under area 5 of the oil strategy, which won’t just assistance reducing the gas cost however will likewise cover the income hole of the SSGCL.