MULTAN City News
By our correspondents
November 28, 2015
Increase in UFG flayed
From Our Correspondents
MULTAN: The business community has flayed the decision of the Oil and Gas Regulatory Authority (Ogra) to pass on the burden of Rs 25 billion on to the legitimate end gas consumers by increasing the UFG (unaccounted for gas) volume in the gas tariff by 2.5 per cent to 7 percent from existing 4.5 per cent in its determinations about final revenue requirement of gas utilities – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) for financial years 2012/13 and 2013/14.
In a statement here, Multan Chamber of Commerce and Industry president Fareed Mughis Sheikh said that the 2.5 per cent growth in the UFG would expose the end gas consumers to further financial burden of Rs 25 billion with effect from January 1, 2016.
He said that the business community was demanding for making the trade and manufacturing viable by reducing the cost of production, cutting down electricity and gas tariff and granting incentives but the government had imposed extra burden of Rs 25 billion.
From Our Correspondents
MULTAN: The business community has flayed the decision of the Oil and Gas Regulatory Authority (Ogra) to pass on the burden of Rs 25 billion on to the legitimate end gas consumers by increasing the UFG (unaccounted for gas) volume in the gas tariff by 2.5 per cent to 7 percent from existing 4.5 per cent in its determinations about final revenue requirement of gas utilities – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) for financial years 2012/13 and 2013/14.
In a statement here, Multan Chamber of Commerce and Industry president Fareed Mughis Sheikh said that the 2.5 per cent growth in the UFG would expose the end gas consumers to further financial burden of Rs 25 billion with effect from January 1, 2016.
He said that the business community was demanding for making the trade and manufacturing viable by reducing the cost of production, cutting down electricity and gas tariff and granting incentives but the government had imposed extra burden of Rs 25 billion.
-
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair