ISLAMABAD: The Pakistan People’s Party (PPP) on Saturday rejected the proposed hike in gas price by up to 47 per cent.
PPP Senator Sherry Rehman said the Oil and Gas Regulatory Authority (OGRA) has proposed pushing up the gas tariff by up to “45 per cent.” This decision will put an additional burden of Rs175 billion on the masses, she added.
She said the people who are already reeling from poverty won’t be able to endure more inflation. The Pakistan Tehreek-e-Insaf (PTI) government is fanning protests through its measures, Rehman opined.
It is noteworthy that the OGRA on Friday proposed a massive hike in gas price by 28-47 per cent for the next fiscal year 2019-20.
With approval of the new gas tariff, the gas price for the Sui Northern gas consumers has gone up by 47 per cent (Rs236.81 per mmbtu) against the demand of 144 per cent (Rs722.51 per mmbtu).
Whereas, the Sui Southern gas consumers saw an increase of 28 per cent (Rs159.68 mmbtu) against the demand of 30 per cent (Rs176.41 mmbtu).