ISLAMABAD (December 22 2009): The Ministry of Petroleum and Natural Resources has moved a summary to Prime Minister, seeking approval of 18 percent gas tariff hike across the board for all categories of consumers, including CNG, effective from January 1, 2009, Business Recorder has learnt.
Sources said that despite increase in gas tariff across the board, the cross subsidy will continue, which amounts to around Rs 35 billion. The increase in gas tariff would yield over Rs 250 billion revenue required for the two gas utilities including Sui Northern Gas Pipeline (SNGPL) and Sui Southern Gas Company (SSGC).
The Oil and Gas Regulatory Authority (Ogra) had determined the hike in gas tariff through a process of public hearings held in Karachi and Lahore where representatives of categories of consumers opposed the increase on the ground that it would make input costs unbearable for industries and exports and push up prices of all commodities and reduce purchasing power of the people.
In its decision, Ogra had allowed about Rs 64.02 per million British Thermal Unit (MMBTU) hike in the average rate of SNGPL by about 18 percent and SSGC by about 9 percent. The average rate for all consumers, of both the SSGC and SNGPL, would go up by 18 percent to ensure uniform gas price across the country.
After approval by the Prime Minister, the government will notify hike in gas tariff as follows: lowest slab (50 cubic metres per month) of domestic consumers from Rs 80.65 to Rs 95.20 per MMBTU; the second slab (50-100 cubic metres) from Rs 84.45 to Rs 99.65 per MMBTU.
The rates for the third slab (100-200 cubic metres) will be raised from Rs 153.73 to Rs 181.40 per MMBTU, and for the fourth slab (200-300 cubic metres) from Rs 325.48 to Rs 348.07 per MMBTU. The gas rate for commercial consumers and ice factories will go up from Rs 324.30 to Rs 382.67 per MMBTU and CNG stations from Rs 427.15 to Rs 504 per MMBTU.
The gas price for Wapda's power stations will be raised from Rs 333.98 to Rs 394 per MMBTU and for Liberty Power Project from Rs 1060.4 to Rs 1251.26 per MMBTU. The gas price for independent power producers (IPPs) would be raised from Rs 282.88 to Rs 332.62 per MMBTU and captive power plants from Rs 324.30 to Rs 382.67 per MMBTU.
Sources said that despite increase in gas tariff across the board, the cross subsidy will continue, which amounts to around Rs 35 billion. The increase in gas tariff would yield over Rs 250 billion revenue required for the two gas utilities including Sui Northern Gas Pipeline (SNGPL) and Sui Southern Gas Company (SSGC).
The Oil and Gas Regulatory Authority (Ogra) had determined the hike in gas tariff through a process of public hearings held in Karachi and Lahore where representatives of categories of consumers opposed the increase on the ground that it would make input costs unbearable for industries and exports and push up prices of all commodities and reduce purchasing power of the people.
In its decision, Ogra had allowed about Rs 64.02 per million British Thermal Unit (MMBTU) hike in the average rate of SNGPL by about 18 percent and SSGC by about 9 percent. The average rate for all consumers, of both the SSGC and SNGPL, would go up by 18 percent to ensure uniform gas price across the country.
After approval by the Prime Minister, the government will notify hike in gas tariff as follows: lowest slab (50 cubic metres per month) of domestic consumers from Rs 80.65 to Rs 95.20 per MMBTU; the second slab (50-100 cubic metres) from Rs 84.45 to Rs 99.65 per MMBTU.
The rates for the third slab (100-200 cubic metres) will be raised from Rs 153.73 to Rs 181.40 per MMBTU, and for the fourth slab (200-300 cubic metres) from Rs 325.48 to Rs 348.07 per MMBTU. The gas rate for commercial consumers and ice factories will go up from Rs 324.30 to Rs 382.67 per MMBTU and CNG stations from Rs 427.15 to Rs 504 per MMBTU.
The gas price for Wapda's power stations will be raised from Rs 333.98 to Rs 394 per MMBTU and for Liberty Power Project from Rs 1060.4 to Rs 1251.26 per MMBTU. The gas price for independent power producers (IPPs) would be raised from Rs 282.88 to Rs 332.62 per MMBTU and captive power plants from Rs 324.30 to Rs 382.67 per MMBTU.
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