MULTAN City News

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.