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

Pic: Shutterstock

Apparel/Garments | On 29th Oct 2020

Bangladesh restored 40% of cancelled RMG orders: minister

Bangladesh foreign minister AK Abdul Momen recently said the...

Pic: Shutterstock

Textiles | On 29th Oct 2020

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry...

Pic: Shutterstock

Textiles | On 29th Oct 2020

PRC unofficially boycotts Australian cotton, imports halt

All cotton exports by Australia to China have reportedly stopped...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


October 2020

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


Advanced Search