Gas price decreases 2pc to 4pc, OGRA

Posted on July 1, 2009

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced 2 to 4 per cent decrease in gas prices while the notification in this regard has been issued late on Tuesday, Geo news reported. According to notification issued from OGRA, the cut in gas prices will be applicable with effect from Wednesday, July 01, 2009 while this slashing will remain effective from July 2009 to December this year. 2 per cent gas prices were reduced for domestic consumers while 4 per cent were reduced for industries while no reduction took place for Comprised Natural Gas (CNG) and Commercial consumers, notification said. Six per cent gas prices have been inflated for fertilizer sector, it added saying that the change in gas prices will remain effective for the period of six months here due to occurrence of shuffle in oil and gas prices in international market.

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