KARACHI: The Korangi Association of Trade and Industry (KATI) President, Ikram Rajput, has strongly rejected the Oil and Gas Regulatory Authority’s (OGRA) decision to increase gas tariffs for Sui Southern Gas Company, warning that the move will intensify economic hardships for both industries and the public.
Rajput said the price hike is unjustified in the current economic environment and places an unfair burden on already struggling manufacturers and households. He stressed that the decision ignores key positive economic indicators, including a reduction in UFG (unaccounted-for gas) losses and declining interest rates, which should have supported stable or reduced gas tariffs.
The KATI president called on Prime Minister Shehbaz Sharif to immediately intervene and direct the withdrawal of the revised gas tariff, noting that the increase will make Pakistani industries uncompetitive in global markets and undermine export performance.
Copyright Business Recorder, 2025