Home / Knowledge / News / Textiles / OGRA reconsiders plea to increase gas prices
OGRA reconsiders plea to increase gas prices
17
Apr '08
Oil and Gas Regulation Authority (OGRA) will give its final discretion to the Government about the petition of Sui Southern Gas Company (SSGC) for gas price increase.

The statement was made by the Mr Munir Ahmad, Chairman OGRA at the conclusion of public hearing of SSGC on April 16.

However, APTMA, KESC and various other stakeholders boycotted the hearing on scores that OGRA reflected disregard as to crucial issues raised about increasing gas prices.

SSGC explained reasons for demanding an increase in prices by reiterating that the cost of gas to be paid to the producers has also increased.

However, the cost of gas is invariably linked to the international prices of crude oil and therefore a hike in prices of gas is bound to increase the prices of oil and all the other commodities at the same pace.

Textile industry in particular will face great difficulties since the cost of production is already way too high for this sector. This in turn would bring a drop in the overall exports of the segment thereby reducing revenues.

Experts have suggested that gas prices are already high and a further increase in prices is bound to have an adverse effect on the economic and financial condition of the consumers.

One thing is therefore very clear that an increase in gas price to an unreasonable extent will have devastating effect on the lives of ordinary consumers who may not be able to bear such immoderate costs.

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search