Re: Food prices up by 42% in one year
CNG Gas prices take a hike
By Saad Hasan
KARACHI: The Oil and Gas Regulatory Authority (OGRA) on Tuesday notified revised consumer gas prices and passed on a big chunk of the burden of increased well-head cost of gas to people using compressed natural gas (CNG) as fuel for their cars.
The gas prices, which are notified after the approval of the government, have not been changed for residential consumers. The price of gas sold to CNG stations has been increased by Rs26.49 per million British thermal unit (MMBTU) to Rs291.36 from Rs264.87. This also reflects the intention of the government to restrict the growing popularity of this auto fuel as the increase is more than expected.
The rate for commercial consumers has been increased to Rs283.05 per MMBTU from Rs268.23. Industry, captive power and power plants of WAPDA and KESC will have to pay Rs251.55 per MMBTU instead of previous Rs238.38.
The price of gas used as feedstock by fertiliser makers varies between Rs36.77 and Rs97.11 per MMBTU. However, rates for domestic consumers of both the gas utilities, Sui Southern Gas Company and Sui Northern Gas Pipelines Limited, have been capped.
According to the notification, the gas price will remain unchanged at Rs78.38 per MMBTU for the first domestic slab of 50 cubic metres. The second (50-100 cubic metres) slab rate is fixed at Rs82.07.
The third slab (100-200 cubic metres) rate is constant at Rs149.40, fourth slab (200-300 cubic metres) rate is Rs239.01 and fifth slab of about 300 cubic metres is unchanged at Rs310.92 per MMBTU.
The CNG station owners have planned to meet today (Wednesday) to decide on the new CNG price after the increase in the cost of gas. According to CNG Station Owners Association Chairman Malik Khuda Buksh, CNG rates will increase by about Rs1.55 per kg.
The new rates will push up the cost of the fuel to Rs35 per kg in Karachi and the rest of Sindh. Consumers in Punjab and NWFP will have to pay between Rs35.50 and Rs36 per kg of CNG.
but the GDP is superb! we have more Cellular users now than ever! :@: