The recent surge in gas prices has ignited a wave of concern among industrialists and business owners, prompting a hearing by the Oil and Gas Regulatory Authority (OGRA) regarding a petition filed by Sui Northern Gas.
Industrialists expressed apprehension over the potential consequences of increased gas prices, emphasizing that such hikes would inevitably escalate production costs.
According to a former chairman of the All Pakistan Textile Processing Mills, this could jeopardize international orders, as neighboring competitors like India and Bangladesh offer more favorable utility rates to exporters.
Read more: SSGC seeks OGRA approval for yet another gas price hike
Moreover, the surge in utility prices has led to financial strains on businesses, with some reporting the closure of numerous factories due to mounting bills.
Sheikh Ayub highlighted the urgent need for the mobilization of field staff to combat gas theft, which further worsens the scarcity of resources.
The Chairman of the Restaurants and Hotels Association, Chaudhry Mohammad Farooq, criticized the allocation of gas resources, particularly in urban areas versus forests, questioning the logic behind prioritization.
He highlighted the drastic spike in domestic consumers' bills, which have skyrocketed from a few thousand to as much as Rs100,000.
Farooq also raised concerns regarding the equitable distribution of gas, noting discrepancies between supply and consumer needs.
He questioned the justification of granting additional gas connections amidst shortages, citing the closure of over 11,000 restaurants, tandoors, and hotels as a direct consequence of the price hike.
