75-80% gas price hike inevitable: Ogra chief

Chairperson OGRA has said that the surge in gas prices is inevitable. There has been no increase in gas prices for past couple of years and that prices of gas would likely be increased by 75-80% from present level. The revised tariff will be implemented from 1st Jul’19. There is widening gap between gas purchase and sale price, she said, and elaborated that the purchase price of gas has increased while sale prices are capped, which imbalance income and expenditures of gas utilities. The devaluation of PKR against USD is also a factor behind the proposed increase in gas tariff.