The gas crisis in Karachi deepens as the Sui Southern Gas Company Limited (SSGC) announces a 48-hour suspension of gas supply to industries, CNG stations, and captive power plants, citing shortages and low pressure as the primary reasons. The interruption is scheduled from December 23, 8 am, to December 25, 8 am, affecting vital sectors in the city.
Earlier in the week, SSGC had requested a substantial increase of Rs226.18 per metric million British thermal units (mmBtu) in gas prices, citing a revenue shortfall of Rs47,773 million in the current fiscal year. The Oil and Gas Regulatory Authority (OGRA) is set to consider SSGC’s plea for the price hike.
Amid these developments, the Sindh High Court (SHC) steps in, suspending the gas tariff hike notification specifically for the textile industry. OGRA’s issuance of a notification for increased gas tariffs for the textile sector prompted legal action, and the SHC’s order offers temporary relief to textile manufacturers by suspending the implementation of the contentious notification.
However, textile manufacturers must deposit a specified amount with the court’s Nazir within seven days to avail of this suspension, highlighting the complex dynamics surrounding the gas pricing issue in Karachi.
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