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Islamabad industry faces power outages after gas suspension: ICCI

Daily Times July 1, 2021 The Islamabad Chamber of Commerce & Industry (ICCI) has shown grave concerns over the gas suspension to industry as well as electricity load shedding, saying these would badly affect industrial productivity and ultimately hurt the overall economy. ICCI President Sardar Yasir Ilyas Khan said that the supply of gas was stopped abruptly to various industries in Islamabad including steel re-rolling mills and steel furnaces, which has badly disturbed their production schedules. He said that supply of gas to industry has been suspended in the peak summer season, which has never happened before as domestic consumption of gas in summer season normally comes down to the lowest level. He demanded that the government should conduct a thorough enquiry into the emerging gas crisis in the country and fix responsibility on those who are found involved in gas mismanagement.

Petrol price goes up by Rs2

Petrol price goes up by Rs2 July 1, 2021 ISLAMABAD: The price of petrol in Pakistan gone up by Rs2 per litre from today (Thursday), according to Special Assistant to Prime Minister on Political Communication Shahbaz Gill. Gill said that the Oil and Gas Regulatory Authority (Ogra) had recommended an increase of Rs6.05, but Prime Minister Imran Khan rejected it, instead approving an increase of Rs2 per litre for petrol, Geo News reported. The premier s aide said that the recommended increase by Ogra was in accordance with a rise in fuel prices in the international market. According to Gill, the recommendation also included an increase of Rs3.44 for the price of diesel but the prime minister approved an increase of Rs1.44.

Industry, CNG sector oppose SSGC request for tariff increase - Pakistan

The SSGC requested Ogra to allow net increase of Rs3.395 billion, or Rs10.65 per mmbtu, in the revenue requirement of the indigenous gas business. Reuters/File KARACHI: At the Oil and Gas Regulatory Authority (Ogra) public hearing held on Monday, the Sui Southern Gas Company (SSGC) petitioned for an increase of Rs153.16 per mmbtu in the prescribed prices of gas for 2021-22 to meet the revenue shortfall and RLNG services. Meanwhile, the CNG sector and industry stakeholders called this proposed increase unjustified and urged the gas company to present audited records and work on drastic reduction in unaccounted for gas (UFG) losses.

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