The Economic Coordination Committee of the cabinet approved yesterday, policy guidelines for the Oil and Gas Regulatory Authority (Ogra) for recovery of about Rs69 billion from gas consumers through an average 30 per cent increase in tariff to protect viability of gas companies.
A meeting of the ECC, presided over by Finance Minister Ishaq Dar, also approved continuation of subsidised power tariff for agricultural consumers at Rs10.35 per unit until June 2015.
Informed sources said the petroleum ministry had been directed to issue the ECC policy guidelines to Ogra to enable it to complete revised working on gas pricing for implementation from Jan 1.
